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Adjustment in sentence

880 examples of Adjustment in a sentence

They could envisage the issuance of Eurobonds only after the completion of real economic and fiscal adjustment.
They reject the use of ECB credit as a substitute for adjustment, because it would eventually fuel inflation.
Continued recession and recurrent speculative attacks in the bond markets will prevent at least some over-indebted countries from attaining their adjustment targets, creating conditions for political crisis within the eurozone and individual countries.
The need for massive fiscal adjustment without any offsetting currency devaluation will now drive Greece and perhaps others to default on their government debt, probably through some kind of IMF-supported debt restructuring.
But the process takes time, and, because of the rising weight of relatively inflexible emerging market economies in global consumption, adjustment will probably take longer than it did a few decades ago.
Indeed, to restore these economies to health, three distinct types of adjustment are needed: between the eurozone and the world, between the eurozone’s periphery and core, and between debt and income in the heavily indebted peripheral countries, particularly Greece.
This is the adjustment between the eurozone and the world.
Second, to regain competitiveness, the adjustment between the eurozone’s periphery and its core requires closing the inflation differential that built up during the pre-2008 capital-flow bonanza.
Last but not least, the adjustment between debt and income may be helped, over time, by higher overall eurozone inflation.
Finally, European governments seem to be competing to carry out the most drastic fiscal adjustment.
Such a policy would also generate some welcome inflation to facilitate the relative price adjustment within Europe.
But they generally include removing rigidities and other barriers to competition in labor, product, and service markets; investment in skills, human capital, and the technology base of the economy; and rebuilding safety nets in ways that promote and support, rather than impede, structural adjustment.
As a result, the adjustment challenge has grown dramatically.
It is time for Europe to face reality and initiate the difficult adjustment processes within the real economy that are necessary to rebalance the eurozone.
If that causes a rise in the departing country’s price level, the nominal exchange rate would have to decline further to achieve the same real adjustment.
The notion that this critical transition has occurred risks generating complacency at a time when China should be focused on the wrenching, but essential, process of structural adjustment – one that will take at least another decade to complete.
That would not be the case if the eurozone operated according to Robert Mundell’s vision of an optimal currency area, with labor and capital adjustments replacing exchange-rate adjustment, and shocks being homogeneous (rather than asymmetric).
Lucid minds in Germany recognize that adjustment in the eurozone is a two-way process.
In short, internal adjustment in the eurozone is achievable without serious deflation in the south, provided that productivity growth there accelerates, and that the north does its part by encouraging modestly faster wage gains.
If the north insists on maintaining the low wage growth of the 2000-2010 period, internal adjustment would require significant unemployment and deflation in the south, making it more difficult and perhaps politically impossible to achieve.
To be sure, Trump is right that better adjustment mechanisms for America’s left-behind blue-collar workers are long overdue.
But, in the case of the euro crisis, price stickiness caused inflation to increase more in debtor countries than in creditor countries, making adjustment even more painful.
Second, floating exchange rates imply that devaluation is an automatic adjustment mechanism, so it occurs without the appearance of an explicit burden-sharing choice and the accompanying potential for political gridlock.
Adjustment mechanisms are needed, but external devaluation and inflation are not available, while labor mobility is partial at best.
But, realistically, loss of support for the euro might come first, precisely because the adjustment mechanisms are so limited.
Such a strategy will include continued experimentation and adjustment, particularly when it comes to developing effective institutions that can provide public goods in a transparent and accountable way.
In the international debt crisis that began in 1982, IMF country adjustment programs went hand in hand with “bailing in” creditor banks through “voluntary” coordinated loan rollovers.
Subsequent programs to deal with emerging-market crises featured an analogous combination of country adjustment and “private sector involvement.”
Over the same period, there has been a dramatic adjustment of China’s international balance-of-payments position.
Given this, the evolution of work should be viewed as a process of dynamic adjustment, not as a fundamentally destructive process that we should seek to slow.
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