Empirical studies show clearly that, back through history, more
rules-based policies would have resulted in smaller swings in aggregate demand, and improved economic and financial performance than the Fed's actual discretionary approach.
Another possible advantage of policy by rule rather than policy by pure discretion is that
rules-based policies can prevent short-term considerations from interfering with the Fed's long-term goals.
Enforce and monitor
rules-based policies for social networking interactions, with granular feature-level control beyond standard website blocking.
More sophisticated users can build customized,
rules-based policies that automate how each credit application is handled and the credit limits that are assigned, providing more control over the credit attributes used and the credit limits applied.
Automated valuation models (AVM), broker price opinions (BPOs), appraisal products, fraud tools, property profile reports, photos, maps, condition reports and other collateral-risk analytics or data can be accessed separately or in concert through multiple
rules-based policies designed to fit a lender's particular business strategy, the company explained.
This description is an accurate one, and reflective of modern central banks' general desire for their
rules-based policies to be both understood and accepted by their respective publics.
