Unconventional
in sentence
476 examples of Unconventional in a sentence
Musk’s
unconventional
strategy could upend entire industries – for the benefit of all.
While this view may seem
unconventional
at the moment, time will prove the pioneers right.
A decade of regular adrenaline shots, in the form of ultra-low interest rates and
unconventional
monetary policies, has severely depleted their power to stabilize and stimulate the economy.
Obviously, these choices become harder still in abnormal times, when major global changes occur and central banks follow
unconventional
policies.
For Keynesians, the answer is
unconventional
monetary policy (for example, quantitative easing), fiscal stimulus, and a higher target inflation rate.
As a result, Italians elected an
unconventional
coalition whose program combines the policies of the populist left with those of the populist right.
Another problem is that the low interest rates generated by advanced-country central banks’
unconventional
monetary policies have led to the “decapitalization” of long-term pension funds, thereby reducing the flow of retirement income into the economy.
Unconventional
monetary policies like quantitative easing may inflate a new generation of asset bubbles, but the underlying problem – negative returns to new investment – will not have been solved by the time the next crash comes.
That is why the ECB Governing Council has reiterated its unanimous commitment to use additional
unconventional
instruments within its mandate should it become necessary to address a prolonged period of low inflation, or should the monetary stimulus fall short of our intention to move our balance sheet toward its size in early 2012.
And the alchemists at the BOJ unveiled yet another feeble
unconventional
policy gambit.
As in Japan, America’s subpar recovery has been largely unresponsive to the Fed’s aggressive strain of
unconventional
stimulus – zero interest rates, three doses of balance-sheet expansion (QE1, QE2, and QE3), and a yield curve twist operation that seems to be the antecedent of the BOJ’s latest move.
The Fed can’t be faulted for trying, argue the counter-factualists who insist that only
unconventional
monetary policies stood between the Great Recession and another Great Depression.
The new
unconventional
monetary policies in both countries are obviously missing the disconnect between asset markets and real economic activity.
Stronger growth with inflation still below target allowed
unconventional
monetary policies either to remain in full force, as in the eurozone and Japan, or to be rolled back very gradually, as in the US.
At the same time, the prospect of higher inflation has led even the European Central Bank to consider gradually ending
unconventional
monetary policies, implying less monetary accommodation at the global level.
Since 2010, economic slowdowns, risk-off episodes, and market corrections have heightened the risks of stag-deflation (slow growth and low inflation); but major central banks came to the rescue with
unconventional
monetary policies as both growth and inflation were falling.
There is just one scenario that can deliver improvements to human wellbeing in an environmentally sustainable way: the path of “transformational change,” brought about by a shift to
unconventional
policies and measures.
As a result, markets seem convinced that the US will gradually exit its prolonged period of excessive reliance on
unconventional
monetary policy, replacing it with a mix of looser fiscal policy and pro-growth structural reforms – an approach much like that pursued by former US President Ronald Reagan.
On the contrary, there probably can be no diplomatic solution or lasting settlement without action that resets the military balance and undermines both the conventional and
unconventional
capacities of Assad and his patrons.
An alternative way to provide stimulus is via ultra-easy monetary policies – sustained low interest rates or
unconventional
measures such as quantitative easing.
Policymakers (and perhaps financial markets) may have believed that central banks would provide an adequate bridging function through aggressive
unconventional
monetary policy designed to hold down short- and long-term interest rates.
Once the team is in place, its members will need to figure out how to make Trump’s plans work for an economy that has – by necessity, not choice – been excessively reliant on
unconventional
monetary policies.
These large fiscal deficits have been partly monetized by central banks, which in many countries have pushed their interest rates down to 0% (in the case of Sweden to even below zero), and sharply increased the monetary base through
unconventional
quantitative and credit easing.
In a heavily indebted country like Brazil, fiscal consolidation can have an
unconventional
effect on the exchange rate: to the extent that a smaller deficit assuages fears that the government will try to inflate away its debt burden, the currency strengthens.
Just as the Fed and the ECB have apparently saved the day through their
unconventional
and aggressive quantitative easing (QE), goes the argument, Abe believes it is now time for the BOJ to do the same.
At that point, global policymakers got religion and started to use most of the weapons in their arsenal: vast fiscal-policy easing; conventional and
unconventional
monetary expansion; trillions of dollars in liquidity support, recapitalization, guarantees, and insurance to stem the liquidity and credit crunch; and, finally, massive support to emerging-market economies.
Meanwhile, capital is flooding into the higher-interest-rate emerging markets, causing inflationary pressures, driving up asset prices, and subjecting currencies to competitiveness-threatening appreciation – in short, distortions and policy headaches that require unconventional, defensive responses.
The world is set up for the unwinding of three mega-trends:
unconventional
monetary policy, the real economy’s dependence on assets, and a potentially destabilizing global saving arbitrage.
Third, economic policies – especially monetary policies – have become increasingly
unconventional.
But now these
unconventional
monetary-policy tools are the norm in most advanced economies – and even in some emerging-market ones.
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