Targeting
in sentence
572 examples of Targeting in a sentence
In the early 1980’s, prior to the reign of exchange-rate targeting, the fashion was money-supply targeting, the brainchild of the monetarist Milton Friedman.
Inflation
targeting
was best known as a rule that instructed central banks to set – and try their best to attain – a target range for the annual rate of change of the consumer price index (CPI).
Close cousins included
targeting
the price level instead of the inflation rate, and
targeting
core inflation (the CPI minus volatile food and energy prices).
There were also proponents of flexible inflation targeting, who held that it was fine to put some weight on real GDP growth in the short run, so long as there was a clear longer-term target for CPI inflation.
But CPI
targeting
instead tells the central bank to tighten policy in response to an increase in the world price of imported commodities – exactly the opposite of accommodating the adverse shift in the terms of trade.
One candidate to succeed IT as the preferred nominal monetary-policy anchor has lately received some enthusiastic support in the economic blogosphere: nominal GDP
targeting.
It had been a candidate to succeed money-supply
targeting
in the 1980’s, since it did not share the latter’s vulnerability to so-called velocity shocks.
Nominal GDP
targeting
was not adopted then, but now it is back.
Nominal GDP
targeting
stabilizes demand – the most that can be asked of monetary policy.
A dark-horse candidate is product-price targeting, which would focus on stabilizing an index of producer prices rather than an index of consumer prices.
Supporters of both nominal GDP
targeting
and product-price
targeting
claim that IT sometimes gave the public the misleading impression that it would stabilize the cost of living, even in the face of supply shocks or terms-of trade-shocks, over which it had no control.
Inflation
targeting
is survived by the gold standard, an elderly distant relative.
Even countries that practice inflation
targeting
and have otherwise vowed to let their exchange rates float – Brazil, Colombia, Peru, and Chile, for example – have done it, and in large quantities.
Smart trade requires two key provisions: core labor rights, backed up by tough enforcement, and a development fund
targeting
infrastructure and education to boost competitiveness.
The assassin could have killed Peres, but decided that
targeting
Rabin was the more effective way to derail the peace process.
Seventh, let us hope that new policies
targeting
information and communication technology (ICT) strike the right balance among all stakeholders’ competing and legitimate concerns.
Coming from different experiences, most countries converged on the adoption of a floating exchange rate, many in the context of inflation
targeting.
Thus, monetary authorities should simply focus on price stability by
targeting
the rate of unemployment at which inflation does not increase, referred to as the “non-accelerating inflation rate of unemployment” (NAIRU).
Kenya’s Equity Bank has grown enormously by explicitly
targeting
the financially excluded; in just six years, it has expanded from a half-million customers to almost six million.
So, why is China
targeting
Tibetans who have no connection with politics and are regarded as model citizens?
Bereft of a coherent Syria policy, successive US administrations have obsessed over
targeting
the Islamic State (ISIS) without considering the full ramifications of their actions.
The first is the failure of central banks to adopt a rule like nominal GDP
targeting
or its equivalent.
It will also require reinvigorating aggregate demand by
targeting
fiscal policy to support the emerging economic sectors that will underpin the new growth model.
Ultimately, whether this is due to self-insurance or to exchange-rate
targeting
matters little: yesterday this unproductive growth in reserves was an indirect cause of the crisis; today it is undermining demand.
That could mean access to specialized credit bureaus and rating agencies, risk-sharing facilities
targeting
smallholders, and advisory services to provide capacity-building and education.
The answer came in the form of “inflation targeting,” which says that whenever price growth exceeds a target level, interest rates should be raised.
One hopes that most countries will have the good sense not to implement inflation targeting; my sympathies go to the unfortunate citizens of those that do.
(Among the list of those who have officially adopted inflation
targeting
in one form or another are: Israel, the Czech Republic, Poland, Brazil, Chile, Colombia, South Africa, Thailand, Korea, Mexico, Hungary, Peru, the Philippines, Slovakia, Indonesia, Romania, New Zealand, Canada, the United Kingdom, Sweden, Australia, Iceland, and Norway.)
Today, inflation
targeting
is being put to the test – and it will almost certainly fail.
Most importantly, both developing and developed countries need to abandon inflation
targeting.
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