Just as with product prices, rapid increases in asset prices can distort the allocation of resources.
This demographic challenge should come as no real surprise, even allowing for unexpectedly rapid increases in longevity.
Rapid increases in the availability and power of information technologies are changing the way the world does business and the infrastructure by which it operates.
The danger is to think that rapid increases in the monetary base will keep nominal interest rates permanently lower and that the excess reserves will not eventually be lent out in search of higher returns.
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Finally, another bout of higher global risk aversion or unexpectedly rapid increases in U.S. interest rates could lead to a sharp reversal in capital flows, although the experience during the recent turmoil in the euro area periphery suggests that such disruptions are unlikely to be overwhelming.
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The rapid salary increases enjoyed by many graduates brings the challenge into stark relief.
So you chose to split the difference between rapid spending increases and moderate spending increases.
And on top of that, you see rapid price increases for things like housing, health care, education and energy.
She said the "rapid" increases in premiums had coincided with "significant improvements in road safety" and a reduction in fatalities and serious injuries on the road.
The optimism is based not on an expectation of rapid or large increases in domestic sales, but rather on confidence in the continued strength of overseas market demand for Japanese products.
The rapid growth in output could be fully explained by rapid growth in inputs: expansion of employment, increases in education levels, and, above all, massive investment in physical capital.
In the past, rapid economic growth and rising wages have directly translated to increases in luxury retail sales in China.
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Regina Herzlinger of Harvard Business School observes that the Dutch reforms have led to rapid consolidation of insurers and hospitals, fuelling resented price increases.
"Rapid access to diagnostic tests, together with much needed increases in GP levels of awareness of symptoms will help to reduce delays in diagnosis and improve the outlook for women with the disease, " she continued.
While most China watchers cautioned that a rapid appreciation of the yuan was not in the cards, the conventional wisdom was that annual increases of 5 percent could be expected.
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