Negative
in sentence
2738 examples of Negative in a sentence
They have earned low returns from financial sector investments, indeed those returns have been very strongly
negative
in the last two years.
Behind this prediction is a widely shared assessment that the trends in Afghanistan (unlike in Iraq) are negative, and that the US must strengthen its military presence there and revise its strategy if the Taliban are not to gain the upper hand.
But the
negative
reaction to Hollande’s proposal shows the folly of Lawson’s argument that the eurozone is a unified bloc.
Selective migration policies and talent-friendly environments supported at the European level could significantly improve the net skill migration balance, which is currently
negative
or zero in all EU countries.
For not even education can be insulated against the free market without engendering
negative
results.
Excess capacity fuels downward pressure on prices, with
negative
externalities on indebted firms, which experience an increase in their real (inflation-adjusted) leverage.
But the public often views interest-rate increases as
negative
events that increase unemployment and stifle growth.
This implies that whatever short-run
negative
impact lower demand may have on the debt ratio should be offset later (in the medium to long run) by the rebound in demand that brings the economy back to its previous output level.
Negative
nominal policy interest rates are a more recent phase of these policies.
The policy mix has combined a “whatever it takes” approach to keeping policy interest rates low (and sometimes negative) with a heavier dose of financial regulation.
As shown in the figure below, which plots the share of advanced economies with
negative
long-term interest rates (ten-year treasuries yielding less than the rate of inflation) from 1900 to 2016.
In the run-up to the crisis, there are no recorded
negative
real returns on government bonds; since the crisis, the incidence of
negative
returns increases and has remained high.
Of course, the share of countries with
negative
short-term treasuries (not shown here) is even higher since 2009.
But the figure also shows that the 2010-2016 period is not the first episode of widespread
negative
real returns on bonds.
Today, this means consistent
negative
real interest rates – equivalent to an opaque tax on bondholders and on savers more generally.
So if a prolonged period of low and often
negative
real interest rates is not unprecedented, where is the novelty?
More often than not,
negative
real rates were accompanied by higher inflation (as during the wars and the 1970s) than what we observe today in the advanced economies.
In the 1930s, in the midst of economic depression and sharp deflation, US Treasury bills sometimes traded at
negative
yields (and real returns were still positive).
In today’s low-inflation or outright deflationary environment, central banks may need
negative
policy rates (this is the novelty part) to produce
negative
real rates.
In an era when public debt write-offs (haircuts) are widely viewed as unacceptable (witness the European Union’s position on Greece) and governments are often reluctant to write off private debts (witness Italy’s reluctance to impose a haircut on holders of banks’ subordinated debt), sustained
negative
ex post returns are the slow-burn path to reducing debt.
To be sure, in addition to the
negative
storage effect, there might be a positive effect on the world climate insofar as bio-fuels may replace fossil fuels for combustion processes.
But there are other taxes that can raise significant amounts of revenue with a much less
negative
impact on the economy.
Euro for euro, dollar for dollar, yen for yen: energy and carbon taxes have a lower
negative
impact on a nation’s economy, consumption, and jobs than income tax and VAT.
The gains from avoiding the
negative
impact of conventional taxes work across the economy, particularly as the least well-off maintain a higher level of disposable household income.
This requires pushing interest rates as low as possible, and when these policies have run their course (such as when rates dip toward the negative), unconventional instruments like “quantitative easing” must be deployed to revive growth and inflation.
With such a paradigm, central banks could move away from
negative
interest rates and large-scale asset purchases.
After more than five years, QE has arguably entrenched expectations for continued low or even
negative
real interest rates – acting more like addictive painkillers than powerful antibiotics, as one commentator has put it.
Moreover, the
negative
consequences of tightening monetary conditions in developed countries will likely become more severe, given the disconnect between asset bubbles and recoveries in the real economy.
This agenda emphasizes intercultural communication as the best way to break down prejudices and
negative
clichés on both sides.
This is liable to be reinforced by any
negative
experiences that Muslims may suffer themselves.
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