Rule-Based Policy

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Rule-Based Policy

Any government policy in which a jurisdiction rarely or never deviates from established norms. A rule-based policy does not make exceptions based upon extenuating circumstances.

References in periodicals archive ?

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.

The necessity for a strategic approach to monetary policy

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.

Fed failures

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.

Walking the tightrope: how do you grow revenue, manage business risk and streamline the credit decision process?

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.