英語 での Policy response の使用例とその 日本語 への翻訳
{-}
-
Colloquial
-
Ecclesiastic
-
Computer
-
Programming
Despite heightened economic risks, we believe the policy response from Turkey's monetary and fiscal authorities has so far been limited.".
Despite heightened economic risks, we believe the policy response from Turkey's monetary and fiscal authorities has so far been limited," the financial services company asserted.
First, although there is some relationship between more direct measures of market access and the fiscal response to distress, incorporating the direct measures attenuates the link between the debt ratio and the policy response only slightly.
Implementation of the Taylor rule to derive the desirable level of the policy interest rate requires setting the numerical value of the target inflation rate, and determining the equilibrium real interest rate and policy response parameters and.
However, looking back at Japan's experience since the late 1990s and the policy response in the United States and Europe following the collapse of Lehman Brothers, central banks essentially stumbled along in devising new policy measures to respond to the situation and problems facing them at the time.
And finally, to reap the full benefits of the digital revolution, Asia will need a comprehensive and integrated policy response covering information and communication technology, infrastructure, trade, labor markets, and education.
The rise, and absorption into the mainstream of Keynesian economics, which appeared to provide a more coherent policy response to unemployment than unorthodox monetary or trade policies contributed to the decline of interest in these schools.
And yet, even with a policy response which could be considered appropriate in normal times, there emerged a substantial decline in the trend growth rate as well as rapid and continuous fall in asset prices that weakened the financial system and destabilized the economy.
Two lines of evidence together suggest that the relationship between the debt ratio and the policy response is driven partly by problems with sovereign market access, but even more so by the choices of domestic and international policymakers.
However, be difficult to determine whether the economy had reached such a stage. Also, a more fundamental policy response would be to address the problems of the financial system and other inefficiencies in the economy.
When there are increased concerns over financial system stability, the central bank's policy response will result in the following changes in the composition of its balance sheet. On the liabilities side, excess reserves will increase because the central bank provides ample liquidity in order to support financial institutions facing the risk of liquidity shortage.
When discussing a policy response, some tend to focus only on part of it, without paying much attention to the overall picture. Unless you clarify what kind of economic model and assumptions you have in mind when discussing your views, it is unlikely that such discussions will produce better policy responses. .
In particular, given that preventing any deterioration in business sentiment or any increase in risk aversion in financial markets from adversely affecting economic activity was considered to be the most appropriate policy response at present, the Bank decided to increase the amount of the Asset Purchase Program, mainly of the purchases of risk assets, by about 5 trillion yen to about 40 trillion yen in total.
Second, the inflation target framework has been proved effective even in the time of the Global Financial Crisis and its aftermath, but it has been pointed out that, even in the United States, where economic and price developments are relatively firm, interest rates have remained lower and room for monetary policy response has become smaller than before.
This stance is evident from the speech made by former Vice Chairman Ferguson in January 2005:"Although asset-price booms and busts are often linked to recessions, a clear-cut policy response to suspected waves of exuberance cannot be suggested."28 Reflecting on Japan's experience of the asset price bubble, I have doubts about whether the Bank could have adopted an aggressive monetary easing policy after the bursting of the bubble, although some at the Fed say it should have done so.
Indeed, the impacts of the nuclear accident and the policy responses implemented hold particularly important lessons for disaster risk reduction measures across the globe.
Policy Responses by the Bank of Japan In response to those rapid changes in conditions, the Bank has been promptly taking various measures since last autumn.
In the realm of academia, there is a growing number of studies on these policy responses taken by central banks.
In terms of further policy responses, the fiscal situation in China remains relatively sound and there is additional room for fiscal stimulus.
I look back, with somewhat mixed feelings, on the past discussions on the policy responses to the bubble and its burst.