Fixed
in sentence
1464 examples of Fixed in a sentence
The country was no longer subject to imported deflation via the
fixed
exchange rate.
Finally, those who view the Great Depression as fundamentally a product of tight fiscal policies and “Treasury orthodoxy” overlook the much greater culpability of a
fixed
exchange-rate regime for the transmission of bad monetary policy, and thus for fueling the contraction.
Given the enormous challenge Brexit poses for the UK, Parliament should respond as it would to a war or other national emergency, by forming a unity government with a
fixed
term expiring shortly after March 29, 2019, when the UK will have formally left the EU, deal or no deal.
The answer is surprisingly simple:
fixed
costs.
But connecting to these networks involves
fixed
costs.
These
fixed
costs need to be recouped through long periods of use.
If income is expected to be low (perhaps because of other missing networks), it does not pay to connect a firm or a household to the network, because the
fixed
costs will not be recouped.
Growth is not inclusive because
fixed
costs deter markets from extending the networks that underpin it.
Changes in these
fixed
costs have outsize effects on who is included.
This reflects the fact that cellphone towers and handsets are much cheaper than pipes and copper wires, making it possible for the poor to pay the
fixed
costs.
It is the
fixed
costs that limit the diffusion of the networks.
So, a strategy for inclusive growth has to focus on ways of either lowering or paying for the
fixed
costs that connect people to networks.
Cheaper photovoltaic cells may enable remote villages to get electricity without the
fixed
costs of long transmission lines.
Mobile banking may lower the
fixed
costs faced by traditional banks.
In this sense, the investment rate, which in China approaches 50% of GDP and is rising, can be regarded as a measure of the stress that
fixed
investment places on the economy.
And, whereas a single,
fixed
floor might push banks toward riskier loans that offer higher returns for the same amount of capital, a dynamic system would allow lower floors for the lowest-risk mortgages and require higher floors for riskier loans.
Though the initiative to require a
fixed
share of gold reserves failed, the prospect of large-scale quantitative easing by the European Central Bank, together with the euro’s recent slide against the dollar, intensified the political pressure to abandon the peg.
In the late 1960s, the Bundesbank had to buy dollar assets in order to stop the Deutsche mark from rising, and to preserve the integrity of its
fixed
exchange rate.
In the summer of 1971, US deficit spending and domestic inflation caused the dollar to become overvalued, triggering a run on Fort Knox as European countries began redeeming their currencies at the
fixed
rate for gold.
As Milton Friedman later explained: “Suppose we had continued with the system of
fixed
exchange rates […] When the [1973] Arab-Israeli war broke out, and when the oil embargo came on, there would have been a major international financial crisis […] None of that happened.
The primary source of capital for Lebanon’s rentier political economy was not oil, as elsewhere in the region, but rather investment from the diaspora, which was attracted by high interest rates and a
fixed
exchange rate pegged to the dollar.
Part of the reason may be that most fossil-fuel exporting economies have currency pegs or relatively
fixed
exchange-rate regimes – meaning that, in the absence of capital controls, they have no independent monetary policy.
Fixed
exchange rates in the developed economies disappeared in the 1970s, first with a bang (the devaluation of the dollar under US President Richard Nixon) and then with a whimper (as leading central banks focused on bringing down inflation).
The irrevocably
fixed
exchange rates created by the eurozone do not allow for national monetary policies, while significant fiscal-policy divergence would invite a crisis of the kind already experienced in the EU’s southern member states.
Another explanation is that digital technologies tend to have unusual (though not unique) cost structures, with high
fixed
costs giving way to zero-to-low marginal costs.
But in January 1999, the “third stage” of Economic and Monetary Union officially started, with the exchange rates among the original 11 eurozone member states “irrevocably” fixed, and authority over their monetary policy transferred to the new European Central Bank.
Companies with large
fixed
costs that suffer a sudden fall in income will quickly face financial difficulties, or even bankruptcy.
Supposedly, the new Libra currency’s value will be
fixed
in terms of a global basket of currencies and 100% backed – presumably by a mix of government treasuries.
During the first two months of 2020, China’s industrial value-added for large and medium-size enterprises declined by 13.5% year on year; urban investment on
fixed
assets plummeted by 24.5%; and total retail sales dropped 20.5%.
Every weekend, the administration
fixed
it.
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