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Adjustment in sentence

880 examples of Adjustment in a sentence

Adjustment would be much easier, of course, if wages did not fall in Germany as well.
The magnitude of the fiscal adjustment effort being demanded of Greece is now well known.
The key problem, which has not been addressed so far, is that a fiscal adjustment on this scale requires the government to take two steps that can be implemented only with wide social approval: a cut in wages and a cut in social expenditure.
Three levers could be used to reach this goal: adjustment in nominal wages, extension of working time, and a reduction in social-security contributions (compensated for by an increase in value-added tax).
The mix of measures should be left to Greece to decide, but a cut in unit labor costs of this size is an essential first step for a successful adjustment, and should be a pre-condition for the IMF/EU support package.
The government has already forced through most of the necessary adjustment in this area.
Given that social expenditure amounts to close to 60% of total public spending, a successful fiscal adjustment will ultimately require that it be cut significantly.
Of course, markets would view any rescheduling without a credible adjustment program merely as a prelude to a real default later on, thus leading to an even higher risk premium.
But even the best adjustment program cannot be financed without some contribution by private creditors, i.e., some form of rescheduling.
The current approach – concentrating only on the financing needs and fiscal adjustment in 2010, and leaving all the hard choices for later – will not work.
We could easily be “stimulating” and “rescuing” the economy for a rather long time, in ways that only delay the needed adjustment, before we are finally forced to allow the required creative destruction to occur.
A plan offered by Republicans in the US House of Representatives to reduce the corporate-tax rate from 35% to 15%, and to make up for the lost revenues with a border adjustment tax, is dead on arrival.
Unless change comes soon, the foreign-exchange regime and capital controls on which the model relies will become too deeply entrenched, and the window of opportunity for adjustment will be missed.
For now, however, the best option may be for China to peg the renminbi to the dollar, with an adjustment band of 5%, within which the central bank would intervene only lightly, to guide the market back to parity over the long term.
Over the last two years, the eurozone's other peripheral countries have proven their capacity for adjustment, by reducing their fiscal deficits, expanding exports, and moving to current-account surpluses, thereby negating the need for financing.
Nowadays, the equivalent of the adjustment mechanism in the early modern world of bimetallism would be a fall in, say, Greek wage costs paid in the national currency, as long as it was traded at a discount.
But the harsh austerity advocated by Germany’s conservative government is not the same as the gradual adjustment sought by the new generation of Southern social democrats.
Conservatives demand fiscal adjustment up front, whatever the consequences.
Modern social democrats who have read their Keynes understand that some immediate adjustment is necessary to make the program credible.
But it is misleading when officials tout simple, if not simplistic, policy proposals as the basis for hoping that we can avoid a long period of difficult economic adjustment.
Gradual and tailored adjustment is particularly important for developing economies, many of which make little contribution to global emissions.
Another would emphasize the need for structural adjustment as a precondition for investment and job creation.
High budget deficits and public-debt burdens will force governments to continue painful fiscal adjustment.
Some of these countries – for example, Indonesia – have recently undertaken more policy adjustment and will be subject to lower risks, though their growth and asset markets remain vulnerable to policy and political uncertainties and potential external shocks.
Europe’s leaders cannot decide anything at this stage, but they should task a group of “wise men” (and women) to evaluate and report on options by summer’s end.5.Create conditions for macroeconomic adjustment.
We believe a critical opportunity was missed when the balance of the burden of adjustment was tilted heavily in favor of creditors relative to debtors in the response to the crisis and that this contributed to the prolonged stagnation that followed the crisis.
This shift in the burden of adjustment would have imposed losses on the people who were responsible for the calamity, stimulated aggregate demand, and diminished the rising inequality that was demoralizing the vast majority of people.
Unless emerging-market governments take advantage of the limited space provided by their foreign-exchange reserves and floating currencies to enact vital structural reforms, the onus of adjustment will fall on interest rates, compounding the effects of slowing growth and the risks associated with bad debt.
By worsening Italy’s already fragile fiscal position, the higher deficit will limit the scope for adjustment in the event of future shocks.
The euro’s long-run survival requires the correct mix of adjustment by debtors, debt forgiveness where this is not enough, and bridge financing to convince nervous financial markets that the debtors will have the time needed for adjustment to work.
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