A Quote by Urjit Patel
Growth is always there in the MPC's scheme of things; we don't lose sight of that, but not at the cost of inflation.
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Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Somehow, in the process of trying to deny that things are always changing, we lose our sense of the sacredness of life. We tend to forget that we are part of the natural scheme of things.
Some guys lose their focus. They get caught up in the business deals or the endorsements, and they lose their focus. For me, it's always about football. I've never lost sight of what's making all these other things happen.
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
Looking beyond the emerging markets, it is important not to lose sight of the growth opportunities that exist in the developed regions.
Go deeper than love, for the soul has greater depths, love is like the grass, but the heart is deep wild rock molten, yet dense and permanent. Go down to your deep old heart, and lose sight of yourself. And lose sight of me, the me whom you turbulently loved. Let us lose sight of ourselves, and break the mirrors. For the fierce curve of our lives is moving again to the depths out of sight, in the deep living heart.
What kind of Christian are you? Did you ever lose a job, or lose a night's sleep, or lose a friend for God? If your Christianity never costs you a dollar, never cost you a friend, never cost any tears or broken heart, then can you really say that you love the Lord very much? To be a really good Christian is going to cost you.
If we lose sight of people, we lose sight of the very purpose of leadership.
I learnt to distrust all physical concepts as the basis for a theory. Instead one should put one's trust in a mathematical scheme, even if the scheme does not appear at first sight to be connected with physics. One should concentrate on getting interesting mathematics.
We believe that our cost effectiveness is one of our most powerful competitive advantages in Networks, and we will not lose sight of that in the future.
One does not discover new lands without consenting to lose sight of the shore for a very long time. Variants include "You can never cross the ocean unless you have the courage to lose sight of the shore".
The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
Yes, 4% is the government-mandated target to the MPC. The plus/minus 2 percentage-point upper and lower bands are the tolerance levels specified by the government. If we breach those for three consecutive quarters, we need to inform the government of why that happened and what we propose to do to bring inflation within the two bands.
A: There is no grand scheme of things. B: If there were a grand scheme of things, the fact – the fact – that we are not equipped to perceive it, either by natural or supernatural means, is a nightmarish obscenity. C: The very notion of a grand scheme of things is a nightmarish obscenity.
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.
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