Discipline
in sentence
765 examples of Discipline in a sentence
Even if those from Europe’s northern countries are right in claiming that the euro would work if effective
discipline
could be imposed on others (I think they are wrong), they are deluding themselves with a morality play.
First, we need more
discipline
on the part of the community of experts.
The intellectual
discipline
that characterizes research is often lacking in policy discussions.
Many Chinese seem to believe that market
discipline
will bring fair competition and contribute to closing the widening gap between rich and poor.
Given lax fiscal discipline, the ECB will likely react with more monetary rigidity, pushing politicians, already enamored with the social state, to spend and tax even more.
One road is where the ECB digs in its heels on price stability and politicians forget about fiscal
discipline
and the fact that a market economy cannot work with half of GDP absorbed by taxes.
Establishing institutional mechanisms to address this bias and enhance fiscal
discipline
would help to break this inclination.
Managers’ increased focus on maximizing shareholder value won many adherents when the idea was introduced in the 1980’s: the impersonal
discipline
of financial markets would force companies to become more productive and innovative.
The economy cannot evade the
discipline
of external transactions.
It could, at least for a time, evade the
discipline
of external transactions.
Over the last two decades, every effort to
discipline
the EU’s fiscal delinquents has failed, owing to the lack of enforcement authority.
It is a framework that is based on a
discipline
and solidarity within and between member states from which no one can be exempt.
Instead of communicating the full panoply of perspectives that their
discipline
offers, they display excessive confidence in particular remedies – often those that best accord with their own personal ideologies.
In our zeal to display the profession’s crown jewels in untarnished form – market efficiency, the invisible hand, comparative advantage – we skip over the real-world complications and nuances, well recognized as they are in the
discipline.
Downplaying the diversity of intellectual frameworks within their own
discipline
does not make economists better analysts of the real world.
More broadly, Japanese companies have to organize for performance and
discipline.
The higher debt service they must pay serves – to some degree – as a form of
discipline
against the temptation to spend now and pay later.
Of course, the
discipline
of the market is not perfect: the bond market does not “see” implicit future liabilities (like promised pension payments) to any great degree.
Nevertheless, this enforced fiscal discipline, combined with individual states’ own internal budgetary procedures, has prevented a large scale state-level fiscal crisis from occurring in the US since the Great Depression.
Last week, the government of Germany – once the most fiscally prudent and disciplined EU country – broke the pact’s rules for fiscal
discipline
for the fifth consecutive year, and did so without (much) apology.
What about market
discipline?
Both market
discipline
and sound fiscal management are needed to create a reasonable chance of long-run price stability.
Robert Rubin and Kent Conrad warned him that the press would not interpret his testimony as being balanced, and that Congress would interpret it as an excuse to abandon fiscal
discipline.
Similarly, the European Commission deemed subsidies to publicly-owned firms illegal if they distorted competition across member states, while the fiscal
discipline
imposed by the Euro ended pervasive general government credit subsidies--the essential lubricant of relationship-based systems.
This shield may, perhaps, have worked too well because the more weakly performing countries faced no
discipline
from financial markets.
The deflationary impact of internal devaluation is compounded by the rule, reinforced in the 2012 “fiscal compact,” that eurozone countries are wholly responsible for their own debts and thus must adopt strict budgetary
discipline.
Calling for national elections, while politically correct, was political suicide, for he lacked any idea of the possible outcome and did very little to ensure the
discipline
of Fatah.
The focus on a balanced budget in the United States, for example, has led some elements of the Republican Party to block normal functions of state and even federal authorities, supposedly in the name of fiscal
discipline.
Is it a system in which market
discipline
again dominates, or will regulators sit on the shoulders of management for the foreseeable future?
Moreover, in a
discipline
that regards ingenuity as the ultimate virtue, those who engage in the grunt work of data cleaning and replication receive few rewards.
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