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Hard Landing |
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Hard Landing A situation in which a central bank raises interest rates significantly to curb inflation and, in doing so, drives the economy into recession. For example, in 1981, the Federal Reserve raised the fed funds rate to 20%, which caused inflation to drop from 13.5% in 1981 to 3.2% in 1983. However, high interest rates led directly to a deep recession in the early 1980s. A hard landing is effective at reducing inflation, but is nonetheless undesirable. As a result, central banks only attempt it when there are no other viable options. See also: Soft Landing. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| A number of claims have been filed over the years, including weather-related losses, hard landings, foreign object damage and rotor strikes resulting from helicopters operating in unimproved conditions. If you let it fly, the hard landings will damage the air hoses, creating leaks. They have stainless-steel fastenings and plenty of padding for hard landings following a high jump on the mountain. |
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