Thus, current expected inflation reflects a weighted average of all past inflation, where the weights get smaller and smaller as we move further in the past.

Thus, Keynesian monetary policy aims for a steady rate of inflation.

Thus inflation in the salary averaging years has a considerable impact on purchasing power and cost, both being reduced equally by inflation

Thus, an increase in demand deposits will indicate expectations that inflation will rise, resulting in a decrease in bank lending and an increase in savings.

Thus, an equation determining the price inflation rate ( gP ) is:

However, according to the NAIRU, exploiting this short-run tradeoff will raise inflation expectations, shifting the short-run curve rightward to the " New Short-Run Phillips Curve " and moving the point of equilibrium from B to C. Thus the reduction in unemployment below the " Natural Rate " will be temporary, and lead only to higher inflation in the long run.

Thus Lamont's period as Chancellor started with inflation at its highest level since 1982 and the economy in recession.

Thus at 3. 5 % inflation using the rule of 70, it should take approximately 70 / 3. 5 = 20 years for the value of a unit of currency to halve.

Now they are " pence " for which the symbol is p. Thus, ignoring inflation, 2. 4d.

Thus, a well-conceived and well-executed strategy of inflation targeting can deliver good results with respect to output and employment as well as inflation.

Thus, if they expect price inflation-or have experienced price inflation in the past-they push for higher money wages.

Thus, this process is one possible result of inflation.

Thus, when those attorneys eventually become experienced partners and reach the stage in life where one would normally consider switching to public service, their interest in joining the judiciary is tempered by the prospect of a giant pay cut back to what they were making 10 to 20 years earlier ( adjusted for inflation ).

Thus, the economist could use the IS / LM model to predict, for example, that an increase in the money supply would raise output and employment — and then use the Phillips curve to predict an increase in inflation.

Given full employment, ( a constant Y ) and payments structure ( constant V ), then in terms of the equation of exchange, MV = PY, a rise in M leads only to a rise in P. Thus, the story of the Quantity Theory of Money, the long-run relationship between money and inflation, is kept in Wicksell.

Thus, inflation indexation is often applied to pension payments, rents and other situations which are not subject to regular re-pricing in the market.

Thus, politicians favor the use of monetary policy to control inflation.

Thus, the Fisher Effect states that there will be a one for one adjustment of the nominal interest rate to the expected inflation rate.

Thus, money itself is subject to both the inflation tax and the tax on the inflation tax, while other assets, on which nominal profit or gains taxes are imposed, are subject only to the tax on inflation.

Thus, to cite but one example, the Pax Britannica of the nineteenth century, whether with the British navy ruling the seas or with the City of London ruling world finance, was strictly national in motivation, however much other nations ( e.g., the United States ) may have incidentally benefited.

Thus, Margenau remarks: `` A large number of unrelated epicycles was needed to explain the observations, but otherwise the ( Ptolemaic ) system served well and with quantitative precision.

Thus, the Church was born and because of its intrinsic character was soon identified as a conservative institution, determined to resist the forces of change, to identify itself with the political rulers, and to maintain a kind of splendid isolation from the masses.

Thus, when the Russians sent up their first sputnik, American chagrin was human enough, and American determination to put American satellites into orbit was perfectly understandable.

Thus, a finding of conspiracy to restrain trade or attempt to monopolize was excluded from the Court's decision.

Thus, in the last few years, a number of programs which looked very promising at the time their development was commenced have since been completely eliminated.

Thus was invented the single thread sewing machine, which Mr. Gibbs in partnership with Mr. Willcox decided to bring to Brown & Sharpe with the proposal that the small company undertake its manufacture.

Thus it was that Barco, apprehended for mere larceny, now began to suspect that one or another of his murders had been uncovered.

Thus, the energy transferred from the arc to the anode was partly fed back into the arc.

Thus, the dotted line shown in figure 4 was taken as typical for the temperature distribution for all blowing rates.

Thus, the Span of its ossification was shortened and the center's ability to `` catch up '' in ossification is demonstrated.

Thus to has light stress both in that was the conclusion that I came to and in that was the conclusion I came to.

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

Thus, in the immemorial way -- in the way of the right hand that knows and the left that does not -- was the stage set for tragedy at Bari.

Thus at the same time that William Henry Harrison was preparing to pacify the aborigines of Indiana Territory and winning fame at the battle of Tippecanoe, Anglo-Saxon settlement made a great leap into the center of the North American continent to the west of the American agricultural frontier.

Thus, when Dartmouth's Winter Carnival -- widely recognized as the greatest, wildest, roaringest college weekend anywhere, any time -- was broadcast over a national television hookup, Prexy John Sloan Dickey appeared on the screen in rugged winter garb, topped off by a tam-o'-shanter which he confessed had been acquired from a Smith girl.

Thus when Premier Khrushchev intimated even before inauguration that he hoped for an early meeting with the new President, Mr. Kennedy was confronted with a delicate problem.

Thus `` America '', the most widely sung of the patriotic songs, was written by a New England Baptist clergyman, Samuel Francis Smith ( 1808-1895 ), while a student in Andover Theological Seminary.

Thus, the Mahayana metaphysic of mystical union for salvation was distilled down to a bare self-seeking, and for this reason, the mystic in Asia did not long remain in isolated contemplation.

Thus there was really an excess of eighteenth-century charm as one of these light-weight pieces followed another on Saturday night.

Thus, the masculine animate infinitive dabhumaksanigalu'ahai, meaning to live, was, in the perfect tense, ksu'u'peli'afo, and, in the future, mai'teipa.

Thus, the planetary model of the atom was discarded in favor of one that described atomic orbital zones around the nucleus where a given electron is most likely to be observed.