"tight policy" is a correct and usable phrase in written English.
It refers to a strict or rigorous approach to managing or implementing a certain set of rules or guidelines. Example: The government's tight policy on immigration has led to a decrease in illegal border crossings.
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.
In the absence of such a target, disappointingly tight policy one meeting leads everyone to revise down expected NGDP growth, which is bad.Of course, the change to nominal output as a policy target was nowhere on the agenda in 2007.
But in recent weeks, the central bank has relaxed its tight policy and its president, Henrique Meirelles, left, predicted yesterday that Brazil's base rate, currently at 20percentt, would fall further in coming months, helping to spur the economy.
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.
If one assumes that the short-run Phillips curve looks the same at inflation rates close to zero as it does at higher inflation rates, one can easily mistake too-tight policy for adequate policy, because one will observe a weakening of the relationship between high unemployment and disinflation as the rate of inflation falls to zero.
"We need a tighter policy".
