/?pɑl·?·si?me?·k?r/amemberof agovernmentdepartment,legislature, or otherorganizationwho isresponsiblefor making newrules,laws, etc.:U.S. policymakers areforcedto make hardchoicesbetweennationalsecurityanddomesticpriorities.
policymakerThis is so because a lower markup reduces the desire of thepolicymakerto inflate the economy and to boost demand.From theCambridge English CorpusThepolicymakerwants to avoid particularly bad outcomes, and therefore wants policy to be robust against specification errors that could have particularly severe consequences.From theCambridge English CorpusAlthough we could, in principle, allow for families of rules that involve learning on the part of thepolicymaker, we abstract from this issue here.From theCambridge English CorpusIn line with the existing literature, we assume that he or she also knows the natural unemployment rate, the policymaker's preferences, the parameters characterizing eq.From theCambridge English CorpusThe policymaker's willingness to resist also influences the first-period behavior of the speculators, who become less inclined to attack.From theCambridge English CorpusBy assumption, thepolicymakerwill never be able to revise his policy rule as a function of future shock realizations and initial conditions.From theCambridge English CorpusApolicymakerworking from the preferential best evidence principle might nonetheless adopt such a proxy-preferential doctrine.From theCambridge English CorpusThus, since without commitment thepolicymakercannot (credibly) deliver the optimal degree of smoothness, the gains from being able to commit increase as and increase.From theCambridge English CorpusHowever, here the policymaker's perspective is adopted, not the private sector's.From theCambridge English CorpusIndeed, a policymaker's or advocacy group's time frame for policy change is important to consider.From theCambridge English CorpusWithout commitment, thepolicymakeris not able to (credibly) smooth his response to the degree that he would like.From theCambridge English CorpusPut another way, and from the policymaker's perspective, one has little information about the time frame within which there are opportunities for intervention.From theCambridge English CorpusBeyond specifying the general nature of her uncertainty, no further information is required from thepolicymaker(beyond her loss function) to construct the robust policy.From theCambridge English CorpusOur results imply that a 'transparent policy' during a currency crisis is in the policymaker's interest.From theCambridge English CorpusIn fact, as already remarked, our agents decide upon the next-period wage having perceived whether thepolicymakerhas resisted the currency attack.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/policymaker##
