Leaders should formulate more "coherent and predictable" policy, to address economic uncertainty, it stated.
And the tendency for this kind of systematic error is exactly why we need an objective and predictable monetary policy like nominal GDP targeting.
Econometric studies, they say, suggest that monetary policy would be more predictable and easier to run with a small group.
The prime minister faced the predictable barrage of attacks on his policy towards Iraq - most of it from his own backbenches.
In practice, it is predictable that the result of this policy will be that manufacturing jobs associated with presently controlled technologies will move offshore, where production can take place at lower cost.
Good monetary policy is conducted according to predictable rules.
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If the use of the private security in conflict and post conflict situations continues to increase, then it is predictable that U.S. foreign policy will need to address the growing presence of the private security industry.
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Whatever the effects of a change in Germany's fiscal policy, the political fallout is predictable.
This has been done through a policy environment that is enduring and predictable, officially accountable and transparent.
In monetary policy, many central bankers do seek to be predictable.
And without business having confidence that policy in the United States will become more hospitable and predictable, investment and job creation will remain tepid.
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