Asymmetric: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages, Bank of England https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/covid-19-and-monetary-policy-speech-by-michael-saunders.pdf?la=en&hash=02111FB09D7C30180137C228BB61E8C5447A84F9) |
imported>Doug Williamson (Layout.) |
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Responding with different speed, to a different extent, or both, depending on whether a target is currently being exceeded, or undershot. | Responding with different speed, to a different extent, or both, depending on whether a target is currently being exceeded, or undershot. | ||
:<span style="color:#4B0082">'''''Ease promptly'''''</span> | :<span style="color:#4B0082">'''''Ease promptly'''''</span> | ||
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.
