Since most Western economies are now considered " open " with free capital movement, this essentially means that central banks may target interest rates or exchange rates with credibility, but not both at once.

For example, a central bank might set a target rate for overnight lending of 4. 5 %, but rates for ( equivalent risk ) five-year bonds might be 5 %, 4. 75 %, or, in cases of inverted yield curves, even below the short-term rate.

The Fed sets a target for the Fed funds rate, which its Open Market Committee tries to match by lending or borrowing in the money market ... a fiat money system set by command of the central bank.

The importance placed on bullion was also a central target, even if many mercantilists had themselves begun to de-emphasize the importance of gold and silver.

* Efferent nerves conduct signals from the central nervous system along motor neurons to their target muscles and glands.

These sites are located on the interior surface of the rings, so that the target protein must enter the central pore before it is degraded.

TAL effectors contain a central repeat region in which there is a simple relationship between the identity of two critical residues in sequential repeats and sequential DNA bases in the TAL effector ’ s target site.

Here he consistently reported to the Germans that the bombs were hitting their central London target when in fact they were undershooting.

Parasites most commonly target the central nervous system ( CNS ) in order to alter animal behavior.

A payload launch vehicle carrying a prototype exoatmospheric kill vehicle is launched from Meck Island at the Kwajalein Missile Range on December 3, 2001, for an intercept of a ballistic missile target over the central Pacific Ocean.

The report noted that to reverse ongoing ecosystem declines, it will be necessary to expedite restoration projects that target the central Everglades, and to improve both the quality and quantity of the water in the ecosystem.

Its central role in DNA precursor synthesis, coupled with its inhibition by antagonists such as trimethoprim and methotrexate, which are used as anti-bacterial or anti-cancer agents, has made DHFR a target of anticancer chemotherapy.

" However, " directed energy weapons that target the central nervous system and cause neurophysiological disorders " may violate the Convention on Certain Conventional Weapons of 1980.

Another type of central line, called a Hickman line or Broviac catheter, is inserted into the target vein and then " tunneled " under the skin to emerge a short distance away.

Many central banks today regard the inflation rate as their target ; the policy instrument they use to control inflation is the short-term interest rate.

At the same time the Swedish currency began to decline ; the first reaction from the central bank was to try to keep the current fixed exchange rates in place, and they set a target for their equivalent to the federal funds rate (" marginal rate ") at 500 %.

For example, to reduce the home owner's electricity usage in peak periods ( when electricity is most expensive ), the software could automatically lower the target temperature of the thermostat on the central heating system ( in winter ) or raise the target temperature of the thermostat on the central cooling system ( in summer ).

In order to develop an effective stress management programme it is first necessary to identify the factors that are central to a person controlling his / her stress, and to identify the intervention methods which effectively target these factors.

Afula also was the target of a suicide attack on a bus on 5 May 2002, in which one person died several people were injured at Afula ’ s central bus station.

Okazaki was considered an important military target because of its central location, providing food, shelter, and communication to neighboring towns which contained small factories and plants.

A Payload Launch Vehicle ( PLV ) carrying a prototype exoatmospheric kill vehicle is launched from Meck Island at the Kwajalein Missile Range on December 3, 2001, for an intercept of a ballistic missile target over the central Pacific Ocean.

The New Zealand Association of Economists describe Brash's success in establishing an independent central bank with an inflation target and in reducing inflation as a highlight of his career.

Tolerance and compromise, social justice and civil liberty, are today too often in short supply for one to be overly critical of Trevelyan's emphasis on their central place in the English tradition.

In the central contest, that for Mayor, they may have found some pertinent points in what each faction has said about the other.

States which provide automobiles for employees assign them variously to the agency, the individual, or to a central pool.

Twenty-six states operate a central motor pool for acquisition, allocation and/or maintenance of state-owned vehicles.

In addition to maintaining a permanent central file of illustrations of diseases, wounds, and injuries of military importance, it provides facilities for clinical photography, photomicrography, and medical arts, and operates a printing plant, by permission of Congressional Committee, for publication of an `` Atlas of Tumor Pathology ''.

Its oil for heating is metered monthly to each home from a line that starts at a central storage point.

On this first venture the central storage is 20,000 gallons, in two tanks, or an average of 400 gallons for each of the 50 homes.

Nomia melanderi can be found in tremendous numbers in certain parts of the United States west of the Great Plains, for example, in Utah and central Washington.

The Mecholyl and noradrenalin tests applied with certain precautions are reliable indicators of this central autonomic balance, but for the sake of correlating autonomic and clinical states, and of studying the effect of certain therapeutic procedures on central autonomic reactions, additional tests seem to be desirable.

Our central goal should be to provide the greatest positive incentive for these societies to tackle boldly the tasks which they face.

Thus the Congress marks a formal recognition of the political system that was central to world politics for a century.

And if the affection for the suburban branch reflects a desire to shop with `` nice people '', rather than with the indiscriminate urban mass which supports the downtown department store, the central location may be in serious trouble.

A special template is furnished with the apparatus to enable marking a specimen for a central measuring area and the fabric extensions to the clamps ( see Fig. 2 ).

If the house is not wired adequately for electricity or if plumbing or a central heating system must be installed, check into the cost of making these improvements.

The breakdown of social homogeneity in inner city areas and the spread of inner city blight account for the decline of central city churches.

Central cities reveal two adverse features for the major denominations: ( 1 ) central cities tend to be areas of residence for lower social classes ; ;

Central city areas have become progressively poorer locales for the major denominations since the exodus of middle-class people from most central cities.

It provides for a series of landscaped walkways and a central esplanade that would eventually run through the center of the entire two-and-a-half-mile length of the project.

At the same time, the Romantic reaction to the Enlightenment produced thinkers, such as Johann Gottfried Herder and later Wilhelm Dilthey, whose work formed the basis for the " culture concept ," which is central to the discipline.

Notably, for skewed distributions, the arithmetic mean may not accord with one's notion of " middle ", and robust statistics such as the median may be a better description of central tendency.

Others suggest the alphabet was developed in central Egypt during the 15th century BC for or by Semitic workers, but only one of these early writings has been deciphered and their exact nature remains open to interpretation.

This central charge would thus be approximately half the atomic weight ( though it was almost 25 % off the figure for the atomic number in gold ( Z = 79, A = 197 ), the single element from which Rutherford made his guess ).