Credibility
in sentence
1258 examples of Credibility in a sentence
The monetary authorities are then confronted with a harsh choice between violating their announced target, and thus undermining the
credibility
that was the point of the exercise, or setting policy too tight or too loose, thus doing unnecessary damage to the economy.
Major central banks can generally withstand failure to achieve targets without a fatal loss of
credibility.
These countries’ need to establish policy
credibility
tends to be more acute, whether as a result of histories of high inflation, an absence of credible institutions, or political pressure to monetize budget deficits.
But this defeats the very purposes – transparency, credibility, and predictability – for which a target was announced in the first place.
A Doha failure would also deal a lethal blow to the
credibility
and future of the WTO, which has been an almost unique example of effective and democratic multilateralism.
But it certainly boosts Obama’s international
credibility
and improves his prospects of deterring other global rivals.
With America’s diplomatic
credibility
now undermined by Trump’s violation of the JCPOA, that job will be all the more difficult.
To renege on formal decisions and commitments, or to add last-minute obstacles, would make a mockery of the Union’s
credibility.
But the problem is not only the numbers; it is one of
credibility.
Loss of credibility, if it comes, can bite hard and fast.
And it can happen to any country, although advanced countries can usually tighten fiscal policy with sufficient speed and
credibility
that the pain comes mainly in slower growth.
Looking past the conflict in Ukraine, the West will need to restore its
credibility.
The UPA regime has effectively looted the country, and rampant corruption and a lack of accountability have decimated its leading party’s
credibility.
The Bank of England’s own commissioned quarterly surveys of public attitudes reveal that the
credibility
of its Monetary Policy Committee (MPC) has now been impaired.
Thus, compared to the Bank of England, the all-important
credibility
of the monetary authority seems less vulnerable in the case of the Fed.
But there is something they can do to ensure the benefits of inflation-targeting rules
(credibility
and well-anchored inflation expectations) while also supporting recovery: raise the stated target.
Moreover, a higher inflation target – and the restoration of
credibility
that it would imply – would enable central banks to return to a lower inflation target without creating a recession once debt levels had been reduced and aggregate demand had recovered.
They point to the fact that the world's major central banks - the Federal Reserve, the European Central Bank, and the Bank of Japan - have so firmly established their anti-inflation
credibility
that the inflation risk premium has been wrung out of interest rates.
Far from endorsing Japanese lack of sensitivity, active Western political engagement – for its own
credibility
in Asia – must convey that Japan’s future depends on gaining the trust of the region.
And, perhaps most important, they are based on trusted authorities that have established their
credibility
over time.
But the
credibility
needed to anchor expectations is difficult – sometimes even impossible – to achieve when two targets are being pursued simultaneously.
By contrast, the
credibility
associated with pursuing only an inflation target builds on itself.
Given this, it would be safer and more effective for the Fed and other central banks to pursue a single inflation target, and then use the gain in
credibility
to aid economic recovery.
At the time most EU countries resorted to pegging their currencies to the D-Mark, in the hope of gaining
credibility
for their efforts to achieve price stability.
But although Prime Minister Ehud Olmert might seek to regain his popular
credibility
by a major new peace demarche, the two-headed Palestinian Authority, always a dubious partner in the eyes of the Israelis, is now more suspect than ever.
Amazingly, the Internet has the same level of
credibility
with the patient as television does with the consumer: "I read it on the Web, so it must be true."
They need the eurozone core and the International Monetary Fund as temporary lenders of last resort until they restore policy
credibility
and regain investors’ confidence.
Burgeoning oil wealth bolstered the regime’s
credibility
– not least by enabling a significant increase in military spending – and rising economic and military strength gave the Soviet Union’s geriatric leadership a rejuvenated sense of invulnerability.
With its ability to mobilize large financial resources and buttress policy credibility, the IMF can help mitigate the large economic and social costs often associated with crises.
This is extremely important, since few things are as fatal to the
credibility
of a policy package as insufficient financing.
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