This deadline for submission of plans by core banks is intended to ensure that the board of directors will provide the necessary resources and oversight and prevent delays in implementation efforts. Of course, banks may always submit their plans earlier.
For the hog cycle examples, price dynamics can change noticeably. And where a shorter lag comes from increased productivity and therefore lower cost, we can see marked changes in relative prices. 10 of 12  ON LAGS  There can also be big social implications from a change in lags.