Injections
in sentence
132 examples of Injections in a sentence
Holding Back Europe’s Economic NationalistsPARIS – The German and French governments have been scrambling to save their automobile and truck industries though big fiscal injections, making it clear that, within much of the European Union, industrial policy has returned with a vengeance.
The French and German governments intervened last year with capital
injections
to replace deserting shareholders.
For example, the drugs used in forced lethal
injections
and devices for administering electrical shocks have become much harder to obtain and more expensive.
Equities and bonds have soared on the back of monetary policies that have led to rock-bottom interest rates and massive liquidity
injections.
They reassured investors that they would “guide market interest rates into a reasonable range,” and backed their statements with credit
injections.
But major new
injections
of capital into the banking system are unlikely, owing to lingering fear from the recent financial past.
This is clearly maladaptive, and it explains why the massive
injections
of liquidity by advanced-country central banks are failing to jump-start economies and create more jobs.
Exchange-rate movements would be minimal and only as intended, and volatility would be contained, because tit-for-tat
injections
would no longer occur and speculation would wane.
Moreover, liquidity
injections
would be likely to have a greater impact on demand, because synchronization would reduce leakage across national boundaries.
One solution is to channel part of the liquidity
injections
toward countering this factor-cost asymmetry.
While massive liquidity
injections
were effective in unfreezing credit markets and arrested the worst of the crisis – witness the role of the Fed’s first round of QE in 2009-2010 – subsequent efforts have not sparked anything close to a normal cyclical recovery.
Like Japan, America’s post-bubble healing has been limited – even in the face of the Fed’s outsize liquidity
injections.
Massive liquidity
injections
carried out by the world’s major central banks – the Fed, the ECB, and the BOJ – are neither achieving traction in their respective real economies, nor facilitating balance-sheet repair and structural change.
And the therapeutic process is tough, lasting at least two years and involving up to 14,600 pills and hundreds of
injections
– with severe side effects.
Unfortunately, the closer one examines the alternatives, including capital
injections
for banks and direct help for home mortgage holders, the clearer it becomes that inflation would be a help, not a hindrance.
Following the capital
injections
and Fed programs aimed at supporting the financial system, the stimulus package was an important step, notwithstanding disagreements about its size, effectiveness, and targeting.
This became painfully apparent in recent years, as central banks, confronted by the global financial crisis of 2008-2009, turned to unconventional policies – in particular, massive liquidity
injections
through quantitative easing (QE).
Indeed, given that such recessions clog the monetary-policy transmission mechanism, neither conventional interest-rate adjustments nor unconventional liquidity
injections
have much impact in the wake of a crisis, when deleveraging and balance-sheet repair are urgent.
This is corroborated by a glaring shortfall in the “GDP dividend” from Fed liquidity
injections.
So we organized for Representative Jim Moran to ask House Financial Services Chairman Barney Frank in a pre-arranged question whether it was in the spirit of the TARP legislation to allow the Treasury to use taxpayers’ money in the form of equity
injections.
The equity
injections
were accompanied by restrictions on executive pay and dividends.
When the bubbles burst and pushed unbalanced economies into balance-sheet recessions, inflation-targeting central banks were already low on ammunition – taking them quickly into the murky realm of zero policy rates and the liquidity
injections
of quantitative easing.
The disease can be cured with
injections
of public, debt-financed stimulus – like giving a cardiac patient doses of nitroglycerine to keep his heart going.
Proceeding with capital
injections
before the single supervisor is in place would only encourage more risk taking.
So it had to invent a new tool: liquidity
injections
from its balance sheet through unprecedented asset purchases.
By using sugar pills, saline injections, or even sham surgery, placebo research isolates provision of care from the direct effects of genuine medications or procedures.
When governments have taken similar steps, they usually have done so after – or at least alongside – the provision of financial
injections
and efforts to restrain demand.
Expansionary monetary policy – that is, massive
injections
of liquidity through so-called quantitative easing – is clearly not enough, either.
Open-ended liquidity
injections
accomplish neither.
Liquidity
injections
and bailouts serve only one purpose – to buy time.
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