A Quote by Christina Romer
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.
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Every day of your life, you change the world. Absolutely, yes, we're out to change the world. I mean, you change it whether you like it or not. You wake up and you talk to the grocer. You either kick your dog or you pet him. There's a million decisions you have every day where you change the world.
I'm never going to wake up and look in the mirror and think, 'Yes, I'll go out and meet people.' Most of the time, you wake up, look in the mirror, and want to give up. And that doesn't change. It isn't awful; it's just the way I feel.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
You see, I know change
I see change
I embody change
All we do is change
Yeah, I know change
We are born to change
We sometimes regard it as a metaphor
That reflects the way things ought to be
In fact change takes time
It exceeds expectations
It requires both now and then
See, although the players change
The song remains the same
And the truth is...
You gotta have the balls to change
It isn't the changes that do you in, it's the transitions. Change is not the same as transition. Change is situational: the new site, the new boss, the new team roles, the new policy. Transition is the psychological process people go through to come to terms with the new situation. Change is external, transition is internal
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.
Reasons to be positive. The economic downturn could be the catalyst for positive change. It should be translated into the wake-up call we need for a major change in aspirations and lifestyles to save humanity from the ecological and economic disaster that would otherwise result from continuing on the high carbon and resource depleting path we have been pursuing
As you do your daily meditations, your life will change. Most people change between the ages of zero to four. The older we get the less we change. When we meditate we become perpetually young.
What I am very, very moved and struck by is that so many people in the world are often living a life that they hadn't planned for themselves. And they wake up one day and say, 'Hang on. Who am I? Is this really me? Is this what I really wanted?' And also, 'Can I change it? Have I got the courage to change it?'
Regime change has been an American policy under the Clinton administration, and it is the current policy. I support the policy. But regime change in and of itself is not sufficient justification for going to war--particularly unilaterally--unless regime change is the only way to disarm Iraq of the weapons of mass destruction pursuant to the United Nations resolution.
Every day, I bring out something new. You got to be prepared - you got to have a few outfits laying out for when you wake up, in case you want to change, to set the mood.
In a print interview, as you may or may not know, they [editors] can do whatever they want. And they do. This is why most people are more hesitant to do print, because they can change it, and they do change it. They even change things that are in quotation marks, which is a pet peeve of mine. I've said to numerous reporters, "Would you read me back my direct quotes?" And they always say no. They always say that's against the policy.
There is nothing that you can do to change the present moment. It simply is. You may be able to change the situation one second, one minute, one hour, or one day from now, but there's absolutely nothing you can do to change the way things are right here and now. By not getting irritated you will be more effective in doing what needs to be done to change the situation for the next moment.
Once we link up and network, there will be new institutions, new beginnings, and a change in the economy because capitalism is destroying many people's lives. It's just one leap to think in a different way.
I'm a proud person who happens to be deaf. I don't want to change it. I don't want to wake up and suddenly say, 'Oh my God, I can hear.' That's not my dream. It's not my dream. I've been raised deaf. I'm used to the way I am. I don't want to change it. Why would I ever want to change? Because I'm used to this, I'm happy.
All personal breakthroughs being with a change in beliefs. So how do we change? The most effective way is to get your brain to associate massive pain to the old belief.
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