Tightening
in sentence
448 examples of Tightening in a sentence
Although this time, the gains presumably will be smaller and slower to arrive, owing to the likely pace and extent of Fed tightening, interest paid on savings will move household income in the right direction: up.
With monetary conditions in the US tightening, and with Erdogan doubling down on his loose fiscal and monetary policies, the Turkish lira depreciated rapidly in the first half of this year, losing some 20% of its value.
He has chosen to respond by
tightening
his autocratic grip, with the body that appoints prosecutors and judges set to become a mere appendage of the justice ministry.
Another is that officials worried about excessive financial
tightening
after Bernanke’s mention in May of a possible taper, jeopardizing the economy’s gradual recovery.
Moderating domestic demand requires, first and foremost, fiscal tightening, because further increases in interest rates, which are already relatively high, would only fuel further capital inflows and put even more upward pressure on the real, which is already over-valued.
The authorities are complementing moderate fiscal
tightening
with macro-prudential credit-restraining measures and an array of (mostly tax-based) capital controls.
In China’s last protracted bout of deflation, from 1998 to 2002, persistent declines in prices were the result of monetary and fiscal
tightening
that began in 1993, compounded by the lack of exit mechanisms for failed enterprises.
In the United States, the Federal Reserve hinted at “tapering” its quantitative-easing policy later in the year, and a kind of global carry trade based on monetary conditions in advanced countries started to unwind as a result, causing credit
tightening
and market turbulence in emerging economies.
Instead, by
tightening
policy, it is narrowing its room for maneuver – and is champing at the bit to narrow it even more.
While one can debate the appropriateness of
tightening
accounting standards in the middle of a crisis, his order that banks increase their capital is entirely justified, especially at a time when the European Central Bank is subsidizing them with a wall of three-year liquidity at almost zero cost.
The main driving force clearly has been monetary divergence, with the Federal Reserve
tightening
policy and the European Central Bank maintaining rock-bottom interest rates and launching quantitative easing.
Part of the problem is imported: The collapse in commodity prices and the
tightening
of international financial conditions hit Brazil hard.
It is now pretty much agreed that fiscal
tightening
has cost developed economies 5-10 percentage points of GDP growth since 2010.
And here was the clincher: By committing themselves to fiscal tightening, finance ministers gave themselves scope for some fiscal loosening.
The US imposed a
tightening
noose of trade and financial sanctions on the regime.
One partial result of this is that production in Europe has in many places become more labor-intensive, with the capital-to-labor ratio
tightening
markedly.
But it is politically impossible for the Chinese government to alter its exchange-rate policy under pressure without some “concession” from the US, and a
tightening
of US monetary policy could be sold as such a “concession.”
For most countries, what we are seeing is a recalibration as investors incorporate the risk that China’s GDP might rise more slowly, the US Federal Reserve might start
tightening
monetary conditions more quickly, and policy backsliding in many countries might undermine potential growth.
Moreover, the Fed’s modest
tightening
is being matched by a trend toward looser monetary policy in the eurozone and Japan; so, overall, advanced-country monetary policy remains highly accommodative.
In the middle of that decade, the US Federal Reserve began gradually
tightening
its policy – much as it is doing today – with the federal funds rate peaking in 1995.
As for government debt and unsustainable fiscal deficits, doom-mongers who warn of an inevitable crisis if belt
tightening
is not soon imposed are likely to be disappointed.
Every time a government, or a regulator, announces some new control, or a
tightening
of existing controls, there are threats from bankers that they will pack up and leave town, taking their Porsches and mistresses with them.
The recovery, according to Krugman, has come not despite the austerity he railed against for years, but because we “seem to have stopped
tightening
the screws: Public spending isn’t surging, but at least it has stopped falling.
The
tightening
of the labor market should have led to higher wages, which would ultimately translate into higher prices.
Let’s hope that by then he will have helped move the consensus permanently among his colleagues – preparing the ground for further congressional action aimed at a serious
tightening
of safeguards over the financial sector.
Narrow policies like the government’s recent credit
tightening
will make it difficult to direct financial resources to the real economy – one of the primary objectives of “Likonomics.”
Without hard evidence of rapid inflation, central bankers will prefer to risk over-stimulating their economies rather than prematurely
tightening
money.
While the Fed is raising interest rates, Europe and Japan are planning to keep theirs near zero at least until the end of the decade, which will moderate the negative effects of US monetary
tightening
on asset markets around the world, while European unemployment and Asian overcapacity will delay the upward pressure on prices normally created by a coordinated global expansion.
This, in conjunction with the
tightening
of current sanctions, including the exclusion of Russian banks from Western capital markets, is bound to cause serious shortages, declining living standards, and major problems for Russia’s ownership class.
If their combined impact more than outweighs the initial contractionary effect of expenditure cuts, then the economy may well pick up after a round of fiscal
tightening.
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