08:20 Oct 17, 2009 |
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French to English translations [PRO] Bus/Financial - Economics / General economic theory | |||||||
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Summary of answers provided | ||||
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4 +1 | [enabling] growth to approach its potential |
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3 | growth at rates close to/near/approximating (growth) potential |
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Discussion entries: 4 | |
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growth at rates close to/near/approximating (growth) potential Explanation: Control inflation, while enabling growth rates that are close to maximum potential. |
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Notes to answerer
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[enabling] growth to approach its potential Explanation: "John Taylor plays an important role, as he conducted academic research on the appropriate level for (nominal) interest rates based on the difference between real GDP and potential GDP, often called the GDP gap. The true rate should, in theory, enable central banks to better realise their short term objectives whilst maintaining long term stable inflation" Reference: http://www.eabplc.com/english/downloads/weekly/weekly_commen... |
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