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Tightening in sentence

448 examples of Tightening in a sentence

That agreement, which is now the blueprint for Greece’s relationship with the eurozone, perpetuates the five-year-long pattern of placing debt restructuring at the end of a sorry sequence of fiscal tightening, economic contraction, and program failure.
To counter such a likely upturn in US inflation, the Fed is entirely correct to send the message that there is considerably more to come in its current tightening cycle.
That could mean that the Fed must contemplate monetary tightening that significantly exceeds the so-called comfort zone of normalization that financial markets are currently discounting.
And as conventional politicians continue to take rearguard action against populist upstarts, they will likely embrace more fiscal-policy easing – or at least avoid tightening – to reap near-certain short-term economic gains.
In late 2012, at the peak of the post-crisis austerity debate, advanced economies were in the midst of a multi-year tightening equivalent to more than one percentage point of GDP annually, according to cyclically-adjusted primary balance data from the International Monetary Fund.
But just as fiscal policy was being tightened when cyclical economic conditions seemed to call for easing, it is now being eased when conditions seem to call for tightening.
The first misstep was the ECB’s delay in tightening monetary policy, long after it had become obvious that interest rates had been held too low (at 2%) for too long (from June 2003 to December 2005).
Second, they overestimated the extent to which quantitative easing (QE) by the monetary authorities – that is, printing money – could counterbalance fiscal tightening.
Those in favor of a policy tightening would also note that low rates are problematic for savers, insurance companies, and pension funds, whose portfolios often include few equities.
On paper, the Greek bailout will impose a fiscal tightening, thereby aggravating the country’s economic slump.
If budget targets were strictly enforced by bailout monitors, which seems unlikely, this improvement in conditions for private borrowers could easily compensate for any modest tightening of fiscal policy.
That would reduce demand even more, causing a further fall in revenue and a further increase in transfers – and thus a bigger fiscal deficit and calls for further fiscal tightening.
It is not clear what would end this downward spiral of fiscal tightening and falling activity.
An economy is healthier if monetary policy responds to an increase in the world prices of its exported commodities by tightening enough to cause the currency to appreciate.
Its fans point out that, unlike IT, it would not cause excessive tightening in response to adverse supply shocks.
The good news for Asia is that most of the region’s monetary authorities are, in fact, tightening policy.
Financial markets appear to be expecting a good deal more Asian monetary tightening – at least that’s the message that can be drawn from sharply appreciating Asian currencies, which seem to be responding to prospective moves in policy interest rates.
Given the tenuous post-crisis climate, with uncertain demand prospects in the major markets of the developed world, Asia finds itself in a classic policy trap, dragging its feet on monetary tightening while risking the negative impact of stronger currencies.
The only effective anti-inflation strategy entails aggressive monetary tightening that takes policy rates into the restrictive zone.
The mix of Chinese policy tightening, however, needs to shift much more decisively toward higher interest rates.
They will consider both easing repression, in order to gain sympathy, and tightening it, in order to prevent uncontrollable protests.
In Europe and Japan, for example, monetary and fiscal policies have been tightening in response to domestic concerns, further slowing the world economy.
While his political strategy has entailed tightening the CCP’s control over ideology, cracking down on official corruption, repressing dissent, and championing a more nationalistic foreign policy, he has announced an unusually bold economic-reform blueprint.
According to official reports, Xi’s anti-graft noose has been tightening around Zhou since the arrest of many of his former lieutenants.
As African countries began to gain independence in the 1950’s, the white minority in South Africa was tightening its grip on power through a racial-segregation system known as apartheid.
Moreover, private-sector growth cannot compensate for fiscal tightening, and deleveraging continues to hamper demand.
For the Fed, it is important to ask whether the 1930’s, when its premature policy tightening precipitated a double-dip recession, really is the best historical analogy to consider when contemplating how to time the exit from its current accommodating stance.
In the previous tightening cycle, which began in 2004, it took the Fed two years to normalize the policy rate.
But if financial markets are already frothy now, consider how frothy they will be in 2015, when the Fed starts tightening, and in 2017 (if not later), when the Fed finishes tightening?
Tightening fiscal policy would go a long way towards boosting confidence in the US.
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