That used up the traditional interest-rate channel of monetary policy, but not the more direct channel of money supply growth.
There is one channel, there is one channel through which policy could have a boost though and that is the global or international channel.
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This blog is about the politics and policy that channel that stream.
They accomplished this by providing a framework for interests within a group of high tax states to create a cartel that would channel competition in tax policy away from areas where those states had a competitive disadvantage and toward areas in which they had a competitive advantage.
ToloNews, the country's largest private channel, picked up Paul Ryan's criticism on a radio channel of Obama's policy in Afghanistan -- a manifestation of how curious the Afghan audience is about their agendas, pouncing on any hint they give.
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Indeed, one of the healthiest trends in British politics recently has been a new willingness in all the big parties to look across both the English Channel and the Atlantic for lessons on how public policy might be improved.
"I think there are actions (that need) to be taken by the monetary authority in conjunction with any announcement or change in the policy rate, " he said on television channel CNBC TV18.
He is the editor of the South Asia Channel and the South Asia Daily, online publications of Foreign Policy magazine.
Just across the English Channel, a less-dovish European Central Bank (ECB) policy stance and the ongoing euro-lending indicator improvements has the Pound Sterling playing second fiddle.
In the past week alone, two prominent commentators - Aluf Benn from Haaretz and Ehud Ya'ari from Channel 2 both wrote articles claiming that Obama's Middle East policy has undergone a transformation.
And so there's a belief that you can keep your audience if you focus more on these kinds of shouting and, you know, if you start discussing policy, then maybe they're going to switch to another channel.
The BBC News Channel's chief political correspondent Norman Smith said what had been intended as a major policy announcement had turned into a public relations shambles with Mrs May "overreaching herself" and Mr Clarke appearing out of the loop.
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