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To offset the negative impact of private-sector deleveraging on growth, the US government has maintained expansionary fiscal and monetary policies.
Though this is partially offset by foreign-exchange reserves, Japan now faces massive disaster-relief costs - and this on top of its depressing demographic trends.
Regional VAT rates might be increased slightly if expenditure restraint is not sufficient to offset the loss of tariff revenues due to the customs union.
The European Central Bank, fixated on inflation, will be slow to lower interest rates, and the European Stability Pact will make it impossible for fiscal policy to offset these weaknesses.
In principle Saudi Arabia could offset a price rise by hiking its production.
But even if the minimum wage were raised sufficiently to offset the withdrawal of tax credits, transferring more of the cost of labor from taxpayers to employers would be the wrong strategy.
If home prices fall sharply in that city, the drop in the value of the home would be offset by an increase in the value of the futures contract.
Developing countries must also aim to offset the consequences of globalization.
Although their households have suffered to some extent from the fall in equity prices, they not only can continue to grow, but they can also increase their internal demand to offset the decline in exports to the US.
With most shocks to the world economy, we expect central banks to take steps to offset their effects.
More precisely, Alesina argued that while bleeding on its own would worsen the patient's condition, its beneficial impact on expectations would more than offset its debilitating effects.
Would you draw comfort from your country's impressive internal resilience and offset the deflationary winds blowing from the West; or would you play it safe and increase your country's precautionary reserves?
But if Iran pulls modest amounts of its oil from international markets, price increases are likely to offset (perhaps completely) any loss in revenue from the supply cut.
Moreover, during Earth Hour, any significant drop in electricity demand will entail a reduction in CO2 emissions during the hour, but it will be offset by the surge from firing up coal or gas stations to restore electricity supplies afterwards.
Two of them offset each other, but the third threatens what America needs most in the coming years: economic growth.
No amount of increased American military effort is likely to offset the resulting lack of progress in weakening extremists in both countries.
That is both logical and rational - and thus not something that the US Federal Reserve can offset with unconventional monetary easing.
The good news is that a powerful investment-led impetus should partly offset declining export growth and allow Asia's landing to be soft rather than hard.
Second, the decline in US consumption should also be partly offset by a rise in US investment.
In principle, one could cut other taxes to offset the effects of a carbon tax, neutralizing the revenue effects.
They should be unified throughout the region. Regional VAT rates might be increased slightly if expenditure restraint is not sufficient to offset the loss of tariff revenues due to the customs union.
But such modest gains are more than offset by the security setbacks that China has suffered as a result of its assertiveness in regional territorial disputes.
But this may have been offset by a decline in the proportion of earnings coming from the US.