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"However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound."
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"Foreign aid is neither a failure nor a panacea. It is, instead, an important tool of American policy that can serve the interests of the United States and the world if wisely administered."
Author Name
Personal Development
"I am afraid we must make the world honest before we can honestly say to our children that honesty is the best policy."
Author Name
Personal Development
"I see the policy of opposing same-sex marriages or unions, whatever you call it, as bigotry or discrimination."
Author Name
Personal Development
"Even though I was concentrating on that two-week period from September 11th to September 20th, I was seeing the policy for real, happening, that we were talking about in the film."
Author Name
Personal Development
"A common currency imposes on us a duty to cooperate more on policy."
Author Name
Personal Development
"Crime is only the worst example, but it is a paradigm for other Labour policy disasters. No one tells the voters that crime is falling: let them stay scared senseless."
Author Name
Personal Development
"Speeches are not magic and there is no great speech without great policy."
Author Name
Personal Development
"We need to ask our policy makers and those we elect to office who are supposed to make decisions to give us the evidence of the facts that are behind the decisions that we make. We should be skeptical."
Author Name
Personal Development
"It was almost forbidden in the Soviet Union to study the New Economic Policy."
Author Name
Personal Development
"Traffic is about drugs. As detailed a portrait as I can muster about what is happening in the drug world, from top to bottom, from policy to how things move on the street."
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Personal Development
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"Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years."
Experience
"The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth."
Growth
"Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path."
Growth
"However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound."
Policy
"The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s."
Experience
"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."
Balance
"Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms."
Finance
"The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."
Knowledge
"During the past two decades, inflation has fallen to a low level in major industrial countries."
Country
"In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run."
Fact
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