What economic theory tells us is to look at the entire projected path of policy, measure its fiscal gap, and decide on the basis of the size of its fiscal gap whether the policy is sustainable.
One can debate the specifics of the Ryan Bill, in particular its call for the Fed to base monetary policy on some measure of price stability.
How about revenue as a percentage of GDP, a favorite measure of policy wonks?
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Should the numbers drive policy, or should policy attempt to better measure and more intelligently drive the numbers?
Japanese interest rates are already at zero, so loosening monetary policy is the sole measure at the Bank of Japan's disposal.
By discussing financial markets at such length, Mr Greenspan has created the impression that share-price movements are a yardstick by which to measure monetary policy.
The study speaks to the larger question of how do policy makers and economists measure this new emerging part of the economy, a new area that creates new value from an already existing asset?
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That's because of its one-child policy an oppressive measure that no Indian government would get away with.
There's only certain things you can measure in public policy.
The role of the state in defining strategy, purposes and priorities of policy for culture and the measure of public understanding of the value of culture depend on a general conceptualizing of the cultural sector and cultural policies.
"The mining sector in 2013 is in for quite a tumultuous period but having considered the sector's contribution to the country's GDP, but also its contribution to employment levels, the government will have a strong reason to try and ensure that there is policy clarity and also a measure of stability in the medium term, " she says.
France has not been up to the measure of its foreign policy ambitions.
It has cultural roots, but it also is a measure of national economic policy to promote gold as a savings device.
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The government introduced the policy in 1979 as a temporary measure to curb a surging population, but it is still in place despite being reviled by many citizens.
This measure of state tax policy truly understates the state and local tax contribution to the tragedy we call the Great Depression, but I'm sure the reader will get the picture.
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As a sweetener to help Netanyahu swallow this strategically and politically disastrous pill, Obama and his aides claim that an extension of the draconian, bigoted policy would serve as a confidence building measure to convince Abbas to begin direct negotiations with Israel.
The central government has not made any statement about the two-child policy since Rakhine state authorities quietly enacted the measure a week ago.
If driving rates down to zero was, above all, a measure to combat deflation, the policy should be abandoned only when the threat of deflation is lifted.
Worst of all, thanks in large measure to Mr Mugabe's policy of seizing white-owned commercial farms, two-thirds of the country's 12m people are either subsisting on food aid or going hungry.
How the administration handles these issues will, in large measure, determine whether its foreign policy will be judged a failure or a success in safeguarding America's future and advancing the cause of freedom.
We also agree on the need for a common approach to measure progress against previous commitments in all policy areas.
However, some in the currency and bond markets are considering what this new measure means for interest rates and monetary policy for the rest of the second half of 2011.
Indeed, as economies become ever more sophisticated, and real economic output ever more difficult to measure accurately, prudent makers of monetary policy will have to monitor an ever-broader set of indicators, equity prices included.
We have issued our statement of administration policy and the fact that the President would veto this measure.
The new policy was announced in the 2010 Budget as an explicit measure to cut the government's spending deficit.
At the end of what will surely be a hard-fought process, the odds are that the nation will get some sort of new immigration policy that will allow both political parties to claim a measure of credit.
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One problem is how to measure the openness of a country's trade policy: trade barriers can take many different forms.
The policy was introduced more than 30 years ago as a temporary measure to curb a surging population but continues today, despite calls for change.
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In the past, governments have tended to measure how well they are doing in any particular policy area by counting the amount of money they are spending on it.
It's a measure of the growing discontent with the president's policy decisions on Iraq and the economy--issues that lie at the very core of the political campaign for the White House.
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