Higher oil prices than assumed would have a negative impact on GDP growth and a stronger upward impact on inflation .

2.3 Government sector Fiscal policies have a significant impact on economic growth and inflation .

The yield curve has remained fairly steep , but the downward impact of this on monetary growth is gradually waning .

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Moreover , the impact of the narrow spreads between different short term interest rates on the growth of the components of M3 is continuing to diminish .

Developments in the net external asset position up to spring 2007 had a visible impact on the pattern of M3 growth , at least from an accounting perspective .

However , the impact on M3 is ambiguous .

But the longer term social impact is a reduction in population growth.

Doing so allowed them to isolate the impact of monetary shocks on growth.

THE IMPACT ON BUSINESS 2 .

THE IMPACT ON BUSINESS 2 .

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The impact of science on society is great.

At the same time , the economic impact of this growth has all in all been relatively muted .

While monetary policy tightening may be necessary, it risks triggering a serious liquidity crisis in developing countries, with a major impact on economic growth and development.

These risks related mainly to the potential impact of the ongoing financial turmoil on financing conditions and economic sentiment , with possible adverse effects on growth in the euro area and the world .

But this has a huge, huge impact on the environment.

However , the perceived impact of the euro cash changeover on inflation was much greater than the actual impact .

However, the growth of trade in cultured pearls from Japan began to impact upon the region, and this was exacerbated by the depression of the 1930s.

Even excluding these one off windfall proceeds , the budget balance improved in all euro area countries as a result of the impact of strong economic growth on tax revenue and unemployment related expenditure .

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Domestically, the Grand Canal was expanded and became a stimulus to domestic trade.

In the second half of 2004 the upward impact on M3 growth particularly its more liquid components from continued low interest rates came to predominate over the gradual downward impact stemming from the normalisation of portfolio behaviour .

JA The impact on the people who worked on it was severe.

Employment is expected to continue to grow , albeit at moderating pace over the projection horizon , reflecting the pattern of economic activity but also the dampening impact of the projected stronger real wage growth on labour demand .

The overall impact of the euro cash changeover on the price level was deemed to be small , despite some upward impact on prices , in particular for certain services .

Perhaps most important, even as economic growth slows, technological change continues at a breakneck pace, raising seemingly unanswerable questions about its potential impact on the global economy.

The crisis in Asia did not have a significant adverse impact on growth in 1997 .

it turned positive in the course of 1999 and continued to have a positive impact on GDP growth in 2000 , although it declined in the course of the year .

Then there is a set of questions concerning the impact of new technologies.

Among the factors underlying this slower growth besides the one off impact on consumption of a VAT increase in Germany of particular significance was the negative impact of higher food and energy prices on the real disposable income of households and on consumer and business confidence . These inflation developments and , subsequently ,

and the impact on the transmission mechanism of country specific features .

Impact Effect on agriculture Precipitation, especially rain, has a dramatic effect on agriculture.

The issue of climate change's impact on health is currently a popular one.

This prompted a shift out of overnight deposits into time deposits , thereby reducing M1 growth while having little impact on the growth of M3 as a whole .

Impact of Danish raids on education The Danish raids had a devastating impact on learning in England.

The liquidity draining impact of the growth in banknotes was , however , more than offset by other autonomous factors .

Lastly, I want to talk about growth.

The article reviews some of the empirical evidence on the relationship between inflation and output growth and discusses the positive impact of maintaining price stability on the long run productive potential of the economy .

After the onset of the financial turmoil , downside risks to growth intensified , given the potential impact of the reappraisal of risk in financial markets on financing conditions , economic sentiment and the global environment .

Chart 18 Sectoral compensation per employee ( annual percentage changes quarterly data ) industry excl .

Risks relate mainly to a potentially broader than currently expected impact of financial market developments on financing conditions and economic sentiment , with negative effects on world and euro area growth .

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My talk will be about the impact of religions on the number of babies per woman.

The impact of British occupation on India's economy is a controversial topic.