Word: expectation
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...central banker, a particularly critical difference between then and now is what has happened to inflation and inflation expectations. The overall inflation rate has averaged about 3-1/2 percent over the past four quarters, significantly higher than we would like but much less than the double-digit rates that inflation reached in the mid-1970s and then again in 1980. Moreover, the increase in inflation has been milder this time--on the order of 1 percentage point over the past year as compared with the 6 percentage point jump that followed the 1973 oil price shock.4 From the perspective...
...poor forecasting record of economists is legendary, but I will make a forecast in which I am very confident: Whatever you expect your life and work to be like 10, 20, or 30 years from now, the reality will be quite different. In looking over the 30th anniversary report on my own class, I was struck by the great diversity of vocations and avocations that have engaged my classmates. To be sure, the volume was full of attorneys and physicians and professors as well as architects, engineers, editors, bankers, and even a few economists. Many listed the title "vice president...
...these schools reported skyrocketing application numbers, Harvard officials were unsure of what to expect a few months later. In early fall, Dean of Admissions and Financial Aid William R. Fitzsimmons ’67 raised the possibility of a decrease in yield or a decline in total application numbers. While students were waiting for early acceptance letters, Harvard waited for its applicants...
...autobiography or a memoir, but it obviously will draw on my experience as president of Harvard in developing its arguments about great contributions that universities can make to the broader society. I think we’re some time away [from publishing]. I certainly expect that the publisher will have the manuscript sometime within the next year and I expect it will be published soon after that...
...year-old referees as his daughter played little-league soccer or that as a college student, threw firecrackers in the back of trucks with his friends, and once had to take a friend home in a wheelbarrow after a party he had hosted.She added that her father expected that the alcohol decision would not make him “Mr. Popular,” but was comfortable with it until he found out that she was receiving vitriolic e-mail criticizing the two of them.Colleagues also praised Pilbeam for balancing his deep commitment to his family with his administrative responsibilities...