The authors use three different macroeconomic models to simulate the effect of central banks' responding to asset-price movements as well as inflation.
Thanks to the Olympic effect on central London, though, I was able to grab a canceled booking recently, giving me a chance to reassess.
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The Uzbek government hopes that playing up fears of an Islamic domino effect in Central Asia and renewing links with Russia will make America re-engage.
EU's foreign-affairs commissioner, Benita Ferrero-Waldner, is drafting a co-operation agreement with Kazakhstan, in effect claiming Central Asia's largest and most successful country as part of Europe's neighbourhood.
Gryner also said Rio was unlikely to suffer from the "ghost town" effect that blighted central London during the current Games, as non-Olympic visitors stayed away, fearful of transport chaos and long lines.
The optimists' gloss on all that was that Italy's financial woes are being quarantined - and the rest of the eurozone is galloping towards the kind of fiscal integration that would (at the last) allow the European Central Bank to (in effect) underwrite the credit-worthiness of all member states (see my post, The eurozone's borrowing costs may stay lethally high, for more on this).
Some would point to similar complacency in the US, where the central bank has promised, in effect, to spend an unlimited amount getting unemployment down.
When "Private Lives" opened in 1930, he was 30 and Gertrude Lawrence, his co-star, was 32, and their self-evident youth was central to the play's effect.
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The early benefits of the 1991 convertibility law, which established the currency board and, in effect, prevented the central bank from printing money, had been substantial.
The Fed's half-point cut in mid-September showed that the central bank is worried about the effect of the housing market on growth but also that it hopes speedy action will limit the extent to which that infects the broader economy.
D-mark and now to the euro, so krone interest rates are in effect set by the European Central Bank.
The markets are in effect raising rates on the central banks' behalf.
Although there are a relatively small number of pedicabs operating in a small part of central London, they have a disproportionate effect on traffic congestion and congregate in pedestrian areas, TfL claims.
Frankly, I doubt that the duration and rate were major issues, but they provided an opportunity to have a positive announcement effect to show that major central banks were supportive of the European situation.
Some central banks, slow to grasp the effect of these structural changes on inflation and monetary policy, have been running overly loose policies that have fuelled unsustainable booms in America and some other economies.
Under such circumstances, it is absurd to contemplate, to say nothing of actually initiating, the dismantling of one of the most powerful devices available to help effect such transformations in both Central and Eastern Europe.
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Elan and American Home Products have ended trials of their Alzheimer's vaccine--once seen as one of the most promising new approaches to treating the disease--after 15 patients suffered a potentially serious side effect: swelling of the central nervous system.
Before the Federal Reserve was created in 1913 it acted, in effect, as America's central bank.
Tropical storm warnings were in effect for the Pacific coast of Central America from Costa Rica to El Salvador.
Despite the pending lifting of the grain export ban, scheduled to go into effect on July 1, the Central Bank of Russia does not expect domestic food prices to rise in response to more of Russian agribusiness shipping grains abroad instead of serving the local market.
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We also indicated that we acknowledged the role performed by central banks of different countries, and more particularly, in the recent past, the role of the European Central Bank, the role performed to the effect of ultimately preventing a liquidity crisis of substantial proportions, which would thus affect all countries adversely.
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That will force the Central Bank to raise interest rates, and will effect equity investors.
According to the central bank, 22% of families are in effect without a breadwinner.
In effect, our inflation is exported as foreign central banks monetize our deficits and recycle their surpluses into U.S. Treasuries.
Banks were, in effect, being charged for keeping money at the central bank rather than lending it out to consumers and businesses to boost consumer spending and growth.
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His proposal, prompted partly by the September 11 U.S. terrorist attacks, would eliminate parking in the central terminal area, where a parking ban has been in effect since the attacks.
The thought that jobs may go to central and eastern Europe, or to China, is having an effect.
"In the name of national sovereignty, they have in effect decided not to send a representative to the European Central Bank, " it says.
But then it, in effect, pumps the money back into the domestic economy via central bank operations.
And if continental politicians and central bankers can build faith in the euro, the safe-haven effect may wilt too.
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