Flexibility
in sentence
659 examples of Flexibility in a sentence
What makes Greece’s problems more difficult to address is the structure of the eurozone: monetary union implies that member states cannot devalue their way out of trouble, yet the modicum of European solidarity that must accompany this loss of policy
flexibility
simply is not there.
The inherent
flexibility
of EU association agreements should be familiar to Europeans and Britons alike.
Increasing labor-market
flexibility
by reducing the costs of shedding workers will lead – in the short run – to more layoffs in the public and private sector, exacerbating the fall in incomes and demand.
First, the United States is consistently outperforming Europe and Japan in terms of economic growth and dynamism – and will likely continue to do so – owing not only to its economic
flexibility
and entrepreneurial energy, but also to its more decisive policy action since the start of the global financial crisis.
Yellen, like Bernanke before her, used the Fed’s tools with a combination of clear communication and policy flexibility, shifting course as data revealed subtle changes in economic conditions.
France and Southern European countries, by contrast, argue that governments need more
flexibility
to decide on fiscal and structural reforms, and that governments with greater fiscal leeway should help to address current imbalances by increasing their public expenditures.
After their elections this year, France and Germany should issue a joint proposal that reflects concerns about collective responsibility, individual flexibility, and EU solidarity.
For starters, a Franco-German proposal should allow for more fiscal flexibility, but within a strict framework.
In exchange for greater
flexibility
on public and social spending, fiscal rules should be applied more strictly to all remaining expenditures, and should include the use of sanctions when necessary.
Economically, easier recourse to temporary contracts gives firms more
flexibility
in adjusting to changing market conditions.
From a political point of view, the fact that the majority of workers remains highly protected, and that firms have more
flexibility
than before, decreases the pressure for coherent, across-the-board reform.
And, with the European Commission showing more
flexibility
on targets and ceilings, the rest of the eurozone may also be able to use fiscal policy more effectively.
Politicians simply prefer to keep the burden on monetary policy and avoid pursuing difficult or unpopular policies – including structural reforms, debt restructuring, and the recapitalization of banks – aimed at boosting market access and flexibility, even if it means undermining medium-term growth.
The US economy, meanwhile, retains many elements of dynamism and
flexibility.
In exchange for the US assuming the responsibilities of system maintenance, serving as market of last resort, and accepting the international role of the dollar, its key economic partners, Western Europe and Japan, acquiesced in the special privileges enjoyed by the US – seigniorage gains, domestic macroeconomic-policy autonomy, and balance-of-payments
flexibility.
Indeed, the coming year will mark a seminal moment for developing Asia in terms of advancing its own agenda, which, in turn, will give developed economies the
flexibility
and opportunities that they need to fulfill their own economic potential.
As a result, one in three adult women are living in or on the edge of poverty, with the picture especially bleak for single mothers, almost two-thirds of whom are working in dead-end, poorly compensated jobs without
flexibility
or benefits.
In addition, a range of civil-service reforms are needed to improve
flexibility
and increase productivity, while health and education programs require greater cost effectiveness.
In order to kick-start progress, ECB President Mario Draghi has proposed a grand policy bargain to European governments: if they implement structural reforms and improve fiscal flexibility, the central bank will expand its balance sheet to boost growth and thwart deflation.
Given the likelihood that the Republicans will continue to control at least one house of Congress, Democratic President Barack Obama’s policy
flexibility
will probably remain severely constrained – unless, of course, the White House and Congress finally find a way to work together.
Instead, a great deal of flexibility, including within their labor markets, facilitated adjustment to asymmetric shocks.
Moreover, the Lisbon Agenda should be reinvigorated, with a focus on market reforms, and the EU should urgently reconsider measures – particularly regarding climate policy and the drift toward an EU-wide social policy – that risk imposing additional burdens on their economies and/or hamper the
flexibility
of markets.
For workers to accept more labor mobility and
flexibility
as creative destruction eliminates some jobs and creates others, appropriate schemes are needed to replace income lost as a result of transitional unemployment.
The key liberalizing reforms that would enhance the economy’s
flexibility
and pace of adjustment are simply not on the agenda (owing to an underlying lack of trust among voters).
This is important because the private sector in Italy (and in Spain) cannot match the structural
flexibility
found in the US (and in Germany since its reforms in 2003-2006).
And, already, labor-market
flexibility
has been undermined by structural inertia, including difficulties in retooling and retraining workers, particularly the long-term unemployed.
US Democrats argued that if America faced an economic downturn, the government needed the
flexibility
to run a deficit.
As the crisis hit, stronger banking systems and effective macroeconomic policies – including fiscal responsibility and low public debt, exchange-rate flexibility, and a large accumulation of international reserves – allowed Latin American countries to implement unprecedented countercyclical policies.
Fifth, macroeconomic stability demands policy
flexibility.
In exchange for this flexibility, the lender receives a share of any capital gain that is realized when the home is sold.
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