Independence
in sentence
1892 examples of Independence in a sentence
The real reason why central-bank
independence
tends to create a democratic deficit under a multi-target monetary-policy regime, and why it has become increasingly vulnerable, is that the two main arguments in favor of it no longer apply.
The first argument in favor of central-bank
independence
is that, without it, politicians can exploit expansionary monetary policy’s positive short-run effects at election time, without regard for its long-run inflationary consequences.
The second argument for institutional
independence
is that central banks have a clear comparative advantage in dealing with monetary issues, and can therefore be trusted to pursue their targets independently.
Given that central banks are likely to continue to pursue multiple objectives for a long time, their
independence
will continue to erode.
A strict framework for allowing, and at the same time limiting, government’s involvement in central-bank decision-making is particularly crucial in emerging markets, given that, in most of them, central-bank
independence
has contributed not only to the eradication of inflation, but also to institution-building.Central-bank
independence
is a peculiar institutional innovation.
Like it or not, policymakers must accept that central-bank
independence
will continue to weaken, and they should prepare to cope with the consequences.
When Putin questioned Kazakhstan’s
independence
last year, China was quick to support the country’s sovereignty.
The Fed has neither the legal authority nor the political mandate to run fiscal policy; if it tries to do so, it runs the risk of forever losing its
independence.
I have not mentioned the elephant in the room: the threat to the Fed’s
independence
posed by a president seemingly intent on challenging all institutional norms.
The US has already done as much as it can to support political stability in Georgia since
independence.
Europe must assume this role not only to ensure the future
independence
of its energy supply, but also to demonstrate that European values of freedom, democracy, and justice between peoples have real force.
Amid all of the controversy, one thing is clear: Nigeria’s government remains far from eliminating the rampant corruption that has plagued the country since
independence.
Nicola Sturgeon, the first minister of Scotland, which overwhelmingly voted to remain in the EU, has said that another referendum on Scottish
independence
is “highly likely,” calling the removal of Scotland from the EU “democratically unacceptable.”
That is why it is so important to adhere to the laws that empower (and constrain) intelligence agencies and that underpin the political
independence
and integrity of their officers.
Indeed, owing to land constraints, India has laid only 12,000 kilometers of rail track since
independence
in 1947, adding to the 53,000 left behind by the British.
In northern Europe, for example, the European Central Bank’s
independence
is seen as essential for price stability – and politicians on the right typically attach a higher priority to this goal.
Consequently, senior Fed and White House officials seem rather confident that nothing dramatic will happen that would undermine the Fed’s
independence.
But unless the Fed acts on such concerns – including by implementing the requirement that large financial institutions adopt meaningful living wills – its
independence
will come under even greater pressure.
By reopening Israel’s demand to be recognized as the state of the Jewish people, he is forcing the Palestinians to insist even more on the constituent issues of the conflict, first and foremost on the so-called “right of return” of Palestinians who fled or were driven out after Israeli
independence
in 1948.
Its vision was shaped by the recent
independence
struggles of many of its member countries, and its agenda promoted national sovereignty, non-interference, a rebalancing of North-South relations, and support for national liberation movements.
Scotland, which voted overwhelmingly to remain in the EU, can be expected to make another attempt to gain its independence, and some officials in Northern Ireland, where voters also backed Remain, have already called for unification with the Republic of Ireland.
Israel’s victories on the battlefield guaranteed its survival and independence, but they did not win the battle for peace.
For China, too, economic disengagement and technological
independence
from the US, however costly, would be viewed as critical to stability and to securing the country’s strategic goals.
The euro crisis has transformed an ever-closer union of equal sovereign states, willingly sacrificing a share of their
independence
for the common good, into an association of creditor and debtor countries, with the debtors struggling to meet the creditors’ terms.
Ultimately, the EU will prevail, because ordinary Poles will quickly realize that their country’s
independence
makes no sense without the EU and NATO.
Why, two decades after communism ended and Ukraine gained its independence, does the country remain mired in economic torpor and an authoritarian politics that has aroused such ire in Europe?
Upon
independence
half a century ago, India's first Prime Minister, Jawaharlal Nehru, set India on a course of protectionism and socialism – two of the most self-defeating economic strategies of modern times.
Interestingly, in his last officially broadcast television interview, Osama bin Laden gave his backing to several Islamic liberation struggles, yet he failed to mention the Uyghur
independence
movement.
However, the Uyghur desire for
independence
met with stiff Chinese resistance.
In Kosovo, for example, the transformation of the Kosovo Liberation Army into a civilian peace force has caused great insecurity over the years, which the UN administration might ultimately regret if the resolution of the province’s final status does not lead to
independence.
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