But in the long term, India has no option but to stick to deregulation as it had done with the credit policy announced before last year's election.
In its third-quarter credit policy review, the Reserve Bank of India left the bank rate at 6% and the key lending rate, which was cut as recently as Jan. 2, at 5.5%.
Nobody ever gives the Fed much credit for policy emphasis or speedy reactiveness.
The book gives little credit to environmental policy as a cause of environmental improvement.
Well much will depend on whether the Treasury's preferred policy, of getting the current big banks to provide subsidised loans to smaller businesses - through its "credit-easing" policy - is showing that it will have impact.
"I give the government every credit for sensible economic policy, " says Pieter Cox.
Among other things, financial institutions tend to benefit from looser fiscal policy which Credit Suisse says will be in place for some time.
FORBES: Credit Suisse Speaks Sweetly About JPMorgan, HSBC And Club Med Banks
Mr Putin gained the domestic political credit for this dubious policy, thus successfully moving out of Mr Yeltsin's shadow, unlike previous prime ministers.
By drifting into the realm of fiscal policy and allocating credit, the Fed has lost credibility.
Moreover, the Fed has used its discretion to allocate credit and engage in fiscal policy.
FORBES: Ben Bernanke's QE4: Another Step Toward Helicopter Money, And Away From Freedom
Some people will want to argue about who gets credit for the good fiscal policy of the 1980s and 1990s.
FORBES: To Fix Obama's Budget, Remember Reagan...or Even Clinton
Each of these policies would help to raise short-term interest rates and limit the growth of broad measures of money and credit, thereby tightening monetary policy.
They were arrested because many ICE agents were operating under a quota policy that gave credit for arrests of any undocumented person, not just the target.
The financial crisis has led to such a widening of credit spreads and tightening of credit standards that aggressive monetary policy easing has not been enough to contain the crisis.
But apparently in some cases that full disclosure policy applies to some credit cards themselves.
Created as part of the 2005 Energy Policy Act, the credit expires on December 31, 2008.
Advocates counter that even if only 10% of the jobs receiving the credit were marginal hires, the policy would be cost-effective.
Blame (or, if you're a wine drinker, credit) not only the industrial policy of Canberra but the thousands of wine-happy growers and marketers around the world.
What is more, Mr Carney will be the first governor of the Bank of England not only to have the power to set interest rates but also to directly influence the supply of credit through the newly created Financial Policy Committee.
Nor is monetary policy improved by engaging in fiscal policy and the allocation of credit.
This is a credit crunch and is what the Euro policy makers fear.
This reluctance to tighten monetary policy faster has allowed private credit to grow by more than 20% a year in Bangladesh, Vietnam and India.
ECONOMIST: Memories of 2008 are influencing Asia��s policymakers
Moreover, economic policy deserves much of the credit for this.
On current policy, euro-area credit is expected to fall by 1.7% by the end of 2013, producing a shallow recession this year and a return to growth in 2013.
The Center for Security Policy calls upon the Commodity Credit Corporation to refrain from any action that would raise further questions about its management of taxpayer resources within its purview.
Most economists see the job falling naturally to central banks, because of their closeness to markets and because of the link between capital standards and monetary policy through the price of credit.
Is it appropriate to base current monetary policy actions on those changes in credit markets?
This concept is embodied in U.S. economic policy through the Earned Income Tax Credit, introduced in 1975 under Republican President Gerald Ford.
Household debt has doubled in the past five years, partly as a result of an explicit policy of encouraging the use of credit cards to cut down on cash-based transactions and fight tax evasion.
BBC: Koreans are going back to cash after their credit binge
According to this theory it is the artificial lowering of interest rates and creation of excess credit by a central bank's monetary policy that causes investors to erroneously believe that economic conditions are better than they actually are, leading to an abundance of overconfidence.
应用推荐