Policy
in sentence
15322 examples of Policy in a sentence
Equally harmful are the government’s sensitivity to its own
policy
failures and the stigma attached to a disease that is often sexually transmitted.
The transformation in China’s banking system, coupled with the recent decision to revalue China’s currency, will require major changes in the conduct of monetary
policy.
Until recently, an exchange-rate peg dominated China’s monetary policy, with interest rates unchanged for nine years until October 2004, as the government attempted to manage lending through administrative guidance and credit controls.
In the future, China will have to rely more heavily on interest rates to manage monetary policy, using the price of capital, not political considerations, to influence how firms make investment decisions.
After all, it had staked its foreign
policy
on building relationships with its neighbors, and its leaders believed that their country’s NATO membership and geographical position would help it to assume an influential role in the region.
Unsustainable fiscal deficits, questionable trade policy, a high level of inequality, crumbling infrastructure, underperforming schools, and unaffordable health care are the result of domestic choices.
Rent-seeking tends to lead to
policy
failure in the form of intense political competition aimed at gaining short-term access to revenues and benefits, as opposed to political competition over what policies might be in the long-term public interest.
So what, then, are the possible
policy
options?
A precondition for any effective change is a shift in
policy
orientation from the national to the regional level.
For this to be made concrete, new instruments are needed, such as a Regional Stabilization Fund, a Water and Energy Community, regional social cohesion, and a regional industrial
policy.
Its 2008 report Making the Law Work for Everyone argues that legal empowerment is not about aid, but about
policy
and institutional reforms that expand the legal opportunities and protection of the poor.
As central banks’ key role in the recovery from the post-2008 global economic crisis demonstrated, monetary
policy
must be flexible and innovative.
But, in the aftermath of the Great Depression of the 1930’s, it became clear that such decentralization had prevented the Fed from formulating and implementing a coherent monetary
policy.
The good news is that central banks have options for enriching their
policy
debates, even without the benefit of the Fed’s size, structure, and geographic spread.
For starters, they can establish committees of outside experts or commission regular external reviews of
policy
and the policymaking process.
Bush’s Last ChanceThough triggered by the need to devise an exit strategy from the Iraqi quagmire, the Iraq Study Group’s grim report is a devastating indictment of the Bush administration’s entire foreign
policy.
There is simply no way that Iraq can be stabilized without America moving from a
policy
of disengagement to one of engagement with these two major regional spoilers.
Alas, however bipartisan the Iraq Study Group’s report may be, it is too much to expect that Bush will endorse all of its recommendations and admit the bankruptcy of his entire foreign
policy.
Bush will find it especially difficult to change his
policy
with respect to Iran.
Fourth, central banks, especially in the US, mistakenly maintained loose monetary
policy.
Before 2007, such a
policy
was seen as a mistake at worst; now it is interpreted as a malign strategy.
In a longer historical perspective, this
policy
paralysis may not be surprising.
It was only 30 years later, in the 1960’s, that Keynesian fiscal
policy
was widely accepted.
It was only in trade
policy
that the lesson was learned more quickly.
During the Great Depression, a spiral of protectionist trade quotas and tariff restrictions was used to combat monetary deflation, as popular demand for political action met legislative “log-rolling” by representatives of groups with very different – and often very locally oriented –
policy
priorities.
The modern equivalent of that learning about trade
policy
would be to think about mechanisms to ensure long-term improvement in fiscal policymaking.
Now is the moment to launch an analogous effort to reform and rationalize the political process that produces fiscal
policy.
Also simultaneously, the United States has made it clear that no one will be able, in Africa or elsewhere, to follow a
policy
that excludes the United States.
General de Gaulle and his successors have never given up the idea of conducting a foreign
policy
independent of America.
They have always viewed European unity as a means to such a policy, to the extent that, union being strength, it can serve to reduce the disequilibrium of power between the United States and its allies across the Atlantic.
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