Shocks
in sentence
1003 examples of Shocks in a sentence
A return to fiscal deficits, which could result from the combination of large tax breaks and a much slower-growing economy, would make the economy more vulnerable to
shocks
in coming years.
But this process has not occurred, and, as the interminable Greek crisis has shown, the eurozone remains rife with structural weaknesses and extremely vulnerable to internal
shocks.
A fashion show, for example, would be rigorously reviewed to ensure that no non-conformist attire that
shocks
the sensibilities of Indian culture’s custodians makes it on screen.
In the period following the oil
shocks
of the 1970s until the early 1980s, almost two-thirds of the countries recorded inflation rates above 10%.
Economic development is a convoluted process, full of challenges and risks, successes and failures, external
shocks
and internal volatility.
Countries that are near the point where “can’t pay” becomes “won’t pay” have high interest rates relative to benchmark “safe” debt issued by other governments, because even small
shocks
can shift the balance for decision-makers towards default.
But these interest-rate spreads make the benefits of non-payment greater, so the same
shocks
can send a country quickly into default.
But a series of recent
shocks
suggests that macro liquidity has become linked with severe market illiquidity.
Emerging market countries elsewhere have made considerable reform progress of late, but they must sustain the momentum to guard against potential
shocks.
The resilience of the global economy in the face of political and economic
shocks
demonstrates the central relevance of the reform process - and underlines the importance of continuing along this path.
All of this will make US policymakers less confident and less flexible in their responses to economic
shocks.
The exception is China, where heterodox policies and significant state intervention have made the economy far less vulnerable to external
shocks.
Short-term contracts become a self-fulfilling prophecy, insofar as training is not provided on the job, and hence such workers are less productive and more vulnerable to
shocks.
Economically, therefore, the federal budget cushions regional
shocks
automatically through discretionary action and stabilizing transfers to the states.
The goal is not to absorb
shocks
but to reduce income gaps across regions.
But failure to address structural problems could expose the economy to external
shocks
in the long term.
Lacking cyclical vigor in the aftermath of severe recessions, today’s economies are finding it especially difficult to shrug off the impact of
shocks
and break out of anemic growth trajectories.
Shocks, whether traceable to weather, geopolitical disturbances, strikes, or natural disasters, are the rule, not the exception.
Is there a better way to respond to adverse
shocks?
Leaving interest rates on hold in the face of adverse price
shocks
thus requires a convincing explanation by the ECB of its underlying policy.
Europe is learning that when economic
shocks
hit, policies that rigidify wage rates and protect existing jobs can only slow--not lessen--the fall of total employment.
Meanwhile, increased equity would advance corporate-sector deleveraging, helping to cushion the financial system against
shocks
and delivering higher real returns to savers.
My Berkeley colleagues David and Christina Romer, for example, faced an analogous problem when seeking to determine whether monetary-policy
shocks
affect economic growth.
Doing so allowed them to isolate the impact of monetary
shocks
on growth.
Today, neither oil exporters nor importers are adequately insulated from price
shocks.
So expect big
shocks.
The French will undergo major
shocks
in the years to come, but France might be the only European country standing tall 30 years from now.
But this time around, the Chilean economy was in shape to withstand massive external
shocks.
The question today is whether the EU can respond effectively to major external
shocks.
It is surely no coincidence that the two biggest political
shocks
of the year – Brexit and the election of Trump – have come in the two countries that most fervently embraced neoliberal economics.
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