To the extent that the LTRO takes the heat out of local bank deposit wars, that could also drive investors into riskier assets, including equities—a powerful second-order effect. ❋ Simon Nixon (2012)
Tactics play a role, but they are a second-order concern at best. ❋ Brendan Nyhan (2010)
So, an honest person who wants to argue in the current political context that cutting military spending is a bad idea because it will reduce employment in the short run must argue a second-order effect: they must claim that government deficit spending on the military is more efficient than other forms of government deficit spending being considered in boosting employment. ❋ Robert Naiman (2011)
No doubt there are second-order effects of job creation as well, but wage data obviously tells us nothing at all about either their magnitude or their sign. ❋ Unknown (2009)
Resolving to eat healthier, by contrast, is a second-order commitment. ❋ Unknown (2009)
Calls for greater accountability on the part of US forces, intelligence actors, and their Afghan counterparts, have often been treated as a second-order priority by military and civilian officials. ❋ Erica Gaston (2010)
There are important second-order stories that you can tell about how some things the government can do to increase its deficit are better at boosting the economy than others, a matter to which we return below. ❋ Robert Naiman (2011)
- A second-order condition is based on the idea that the services of many women are valued to the extent that their employers might elect to increase wages to induce valued workers to remain. ❋ Unknown (2009)
Germany's mistake was to consider only first-order effects on bank capital, whereas it would be the second-order contagion effects on government and bank borrowing costs that would do the greatest damage. ❋ Simon Nixon (2011)
For starters, as far as I can tell, the emissions footprint measured is operational emissions, but we already know that the operational footprint of a car is only part of its lifecycle footprint (and those other emissions don't improve with electric cars); what's left out, a far as I can tell, are all the second-order emissions (from road building to hospitalization costs) that we also know increase in proportion to driving. ❋ Unknown (2010)
By extracting interesting inferences from simple mathematically formulated models, exploiting effectively the second-order conditions of maximization procedures, he derived results which still today rank among the classical theorems of economics. ❋ Unknown (2010)
But for Premier Wen Jiabao and the decision makers on the State Council, that is a second-order concern. ❋ Tom Orlik (2011)
Some interesting first and second-order effects suggest themselves: ❋ Unknown (2009)
