Structural
in sentence
2531 examples of Structural in a sentence
The eurozone still faces rebalancing and
structural
challenges, but it has managed to create a window of stability in sovereign-debt markets.
This demands deeper comprehension of technology-driven
structural
changes, with Big Tech recognizing and adjusting to its growing systemic importance in step with government.
If China makes a bid for regional hegemony, it will find it difficult to resist the
structural
constraints placed on it within this hierarchy.
To see the link, recall the “fiscal compact” to eliminate
structural
budget deficits that Germany insisted upon as a condition of agreeing to bailout loans for distressed governments and banks.
The policies needed to do so vary by country and involve
structural
shifts.
That
structural
shift, in combination with the renminbi’s strengthening effective real exchange rate relative to the dollar, owing to inflation and rapidly rising wages in export sectors, offers hope that China’s surplus will fall.
But the surplus merely masks the
structural
problems of China’s domestic economic sectors and poorer regions.
The strategy was supposed to use a mix of monetary and fiscal expansion to help facilitate
structural
reforms.
What advanced-country central banks should be doing now is implementing monetary policies aimed at restoring their credibility, while governments focus on implementing effective fiscal policies and
structural
reforms.
Last month, finance ministers and central-bank governors of the G-20 countries acknowledged the limitations of monetary stimulus and embraced
structural
reforms, infrastructure investment, and fiscal policy as the key to future growth.
Both sides will have to make an effort: Creditors must accept some risk, and debtors must enhance their creditworthiness through
structural
fiscal adjustment and reforms that improve their growth prospects.
The
structural
primary budget balance, the International Monetary Fund’s preferred measure of “fiscal thrust,” tightened by an additional 1-1.5% of GDP each year from 2010 to 2012, after which it remained broadly stable.
Another factor behind the upturn is the meaningful progress that a number of European countries, such as Spain, have made on
structural
reform.
Similarly, the more that recovery and sustained growth strengthen banks’ balance sheets, the less urgency policymakers feel to address
structural
shortcomings, such as the implicit guarantees enjoyed by state banks and municipal savings banks in Germany, and the problems of family-controlled banks like Banco Espirito Santo in Portugal.
The rapid deterioration of fiscal position after the crisis made any substantial countercyclical response impossible, while regulatory constraints limited the economy’s
structural
flexibility.
Like many other southern European countries, however, labor-market and other rigidities dramatically reduced the speed and increased the costs of
structural
economic adjustment, resulting in lower levels of growth and employment, especially for young people and first-time job-seekers.
Recognizing that the economy could not benefit from a partial restoration of competitiveness without
structural
shifts, the government passed a significant labor-market reform in the spring of 2013.
Indeed, though domestic investment is constrained by credit availability, major European and Latin American multinationals have begun investing in the Spanish economy, attracted partly by its enhanced competitive posture and
structural
flexibility, and, on a slightly longer time horizon, by a recovery in domestic demand.
As Spain’s experience has shown, though
structural
flexibility is difficult to achieve politically, it is essential for strong economic performance.
Another is that technological and global market forces are imposing
structural
change on all advanced economies, even those that are not unbalanced.
But addressing them requires a prudent strategy that accounts for the
structural
fragility of the scientific enterprise, in which scientists must complete extensive training, regulation can easily stifle creativity, and funding limitations can substantially delay progress.
At the same time, the reforms must be comprehensive, addressing methodological, cultural, and
structural
issues.
And
structural
reforms aimed at balancing the scientific workforce and stabilizing funding are crucial.
The economist Jeffrey Sachs, for example, has argued that the US economy needs to confront a plethora of
structural
impediments to sustained growth, including offshoring, skill mismatches, and decaying infrastructure.
Of course,
structural
reform is essential after a financial crisis, as are policies to maintain aggregate demand while the economy heals.
Now, what Max Weber called the slow grinding of hard boards – leveraging a concrete program of
structural
reform onto a charismatic personality – begins.
But to avoid deep cuts to current consumption, any credible growth strategy will have to put
structural
reforms before even macroeconomic stabilization, lest failure to deliver growth leads to a financial crisis and even deeper consumption cuts in the future.
By the end of the 1990s, they had restored macroeconomic balance, but implemented merely superficial
structural
reforms.
When adjustments are needed, they generally take the form of fiscal cuts, rather than
structural
reforms.
Second, in the debate about fiscal consolidation and
structural
reform, Western economies have not yet achieved the right balance of deficit reduction, incentives for innovation, and macroeconomic stimulus, but there are signs of change coming from Brussels.
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