Asymmetric: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Layout.) |
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:<span style="color:#4B0082">'''''Ease promptly'''''</span> | :<span style="color:#4B0082">'''''Ease promptly'''''</span> | ||
:"... policy should react in an asymmetric fashion – if tightening is needed, it should be gradual; if easing is needed, it should occur promptly. | :"... policy should react in an asymmetric fashion – if tightening is needed, it should be gradual; if easing is needed, it should occur promptly. And when the economy is soft, as it was early this year, it is better to err on the side of somewhat too much stimulus rather than too little." | ||
:''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.'' | :''Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.'' | ||
Revision as of 10:35, 12 June 2020
1.
Having parts or aspects that are not equal or equivalent.
2. Statistics.
Skewed.
3. Risk management policy.
Responding with different speed, to a different extent, or both, depending on whether a target is currently being exceeded, or undershot.
- Ease promptly
- "... policy should react in an asymmetric fashion – if tightening is needed, it should be gradual; if easing is needed, it should occur promptly. And when the economy is soft, as it was early this year, it is better to err on the side of somewhat too much stimulus rather than too little."
- Michael Saunders, External Member of the Bank of England's Monetary Policy Committee (MPC), May 2020.
4. Fair and efficient markets - market abuse.
Referring to inequality in information between different market participants.
