It is important to keep this in mind when setting up intermediate targets.

The intermediate targets should be destinations in their own right so long as they offer a good starting point for the next stage.

The advantage of a genuine intermediate target is that, for a while, it becomes an aim in itself.

A lag exists between the change in instruments and their effect on intermediate target variables.

Moreover, the implicit intermediate target of monetary policy, money growth, has been systematically missed.

The analogy of a gun breaks down badly when we come to consider intermediate targets as shown in the drawing.

Sufficiently ambitious intermediate targets must be laid down to ensure that the long-term targets are met.

The route to this intermediate target may be quite different from the route that would have led to the ultimate target.

However, the delay will not affect the ability of suppliers to meet their requirements under the directive, as no Member State has set an intermediate target for 2014.

Basically, it says that the monetary strategy to be pursued boils down to the choice between direct inflation targeting or money supply targeting as an intermediate target.

These axons follow a reproducible pathway, stop at intermediate targets, and branch axons at certain choice points, in the process of targeting their final destination.

With regard to the employment targets in the Lisbon strategy, the Council agrees with the Bullmann report' s proposal for intermediate targets.

A reserve money management programme has been developed, for intermediate target of M2, that would be achieved by observing the desired path of reserve money - the operating target.

When the nascent United States government first appropriated funds for its first ever road building project, Brownsville, was an early intermediate target destination along the new National Road.

Flying from London to Los Angeles I could make New York a genuine intermediate target by taking a stop-over or I could simply score the halfway mark on the total journey.

Intermediate targets may be genuine targets which can be aimed for in their own right or they may be spurious targets if they are just subdivisions of the journey to the main target.

Another consideration is that the process of economic management, involving the use of instruments to achieve objectives via some set of intermediate target variables, is subject to delay and uncertainty because of the existence of various lags.

However, since many Scheme compilers use C as an intermediate target code, the problem comes down to coding tail recursion in C without growing the stack, even if the back-end compiler does not optimize tail calls.

There are clear targets for employment, intermediate targets and employment targets for older people. Moreover, and I would address this particular point to Mr Schmid - there is certainly a link between reducing unemployment and increasing employment!

With modification in June, making German fighters (part of their main defence against Allied bombers) an "intermediate target " and the primary goal, it gave direction to the combined (USAAF and RAF) bombing offensive known as Operation Pointblank.

Small Growth in M-2 Elaborating on his view of price pressures, Mr. Heller noted that the M-2 money supply, which he called the Federal Reserve's "principal intermediate target," had grown by only 4 percent over the last 12 months and that wage pressures also seemed to be well contained.

The intermediate targets for sustainable development, based on United Nations conventions and resolutions, anticipate the implementation of these national strategies in all countries by the year 2005 so as to ensure that current trends in the loss of environmental resources are effectively reversed at both global and national levels by the year 2015.