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The move will defuse criticism of the government's tight policies.
The Fed dissenters are obviously looking for excuses to pursue tight policies; they're looking at the facts only in search of support for their prejudices.
And he adds that when Europe's central bank was formed, in the mid-1990's, the tight policies of the seemingly infallible Bundesbank were especially popular.
Some think central bankers have been so obsessed with inflation that they've hewed to overly tight policies for most of the last 30 years.
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Beijing promised to keep a tight policy leash on property.
Put differently: with an NGDP level target, disappointingly tight policy one meeting implies correspondingly loose policy at the next as the Fed works to fix its error.
Some outsiders believe it maintains an excessively tight policy as a way of asserting its independence, which it won at around the time deflation took hold.
And the airline loosened up its notoriously tight policy on carry-on bags to allow people to bring their shopping aboard.
Tight Policy, Not High Rates.
The research I'd done persuaded me to set a tight policy for my own elementary-school children: No television or playing on tablets on weekdays.
To stop prices accelerating, most emerging economies will need tighter policies next year.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com