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Fiscal in sentence

6883 examples of Fiscal in a sentence

While a post-election, lame-duck session of Congress will address the fiscal cliff, the deep differences between Republicans and Democrats on taxes and spending remain wide and difficult to bridge.
The center of fiscal conservatism is Germany, while Anglo-Saxon countries are still drawn to John Maynard Keynes.
At the European Union’s December 9 summit in Brussels, the eurozone countries agreed to establish a closer fiscal union.
Even barring such a nightmare scenario in 2012, the summit sowed the seeds of future conflicts – over the emergence of a “two-speed” Europe and the false economic doctrine guiding the eurozone’s proposed fiscal pact.
That is what happened when conservative American politicians and European Union officials latched on to the work of two Harvard professors – Carmen Reinhart and Kenneth Rogoff – to justify their support of fiscal austerity.
It criticizes the IMF for setting ambitious targets for fiscal consolidation– necessary if debt restructuring was to be avoided – but underestimating austerity’s damaging economic effects.
This tax-cutting frenzy comes, incredibly, after three decades of elite fiscal rule in the US that has favored the rich and powerful.
When adjustments are needed, they generally take the form of fiscal cuts, rather than structural reforms.
To increase productivity while preserving social stability, subsidies should be removed with the goal of improving efficiency, not simply to make fiscal cuts.
Second, in the debate about fiscal consolidation and structural reform, Western economies have not yet achieved the right balance of deficit reduction, incentives for innovation, and macroeconomic stimulus, but there are signs of change coming from Brussels.
The policy mix remains too pro-cyclical, causing the deflationary impact of fiscal consolidation to drown out the benefits of structural reform.
The acid test came in the aftermath of the 2008 global financial crisis: because it overestimated the fiscal dimension of the crisis and underestimated its financial dimension, the eurozone performed worse than the United States and the United Kingdom.
Already the US is facing huge fiscal deficits and a squeeze on popular programs, even before the costs of war and its aftermath are taken into account.
There are, of course, serious downside risks to this forecast, especially if the fiscal deficit remains high or adverse tax policies depress the rise in productivity.
The government should take the weak ten-year projection as a warning and a reason to devote policies to reducing fiscal deficits and strengthening incentives for growth.
But banks are regulated and supervised nationally – as they must be, because any rescue in the event of a large bank failure becomes a fiscal issue, with the cost borne by taxpayers in individual states rather than by the EU as a whole.
But different governments have different degrees of fiscal room for maneuver.
Italian, Greek, or Portuguese public debt is so high that any attempt to use fiscal spending as part of a strategy to combat the economic crisis is doomed to fail.
France and Germany, by contrast, have an inherently strong fiscal position.
Keynesians filled up the warm water of fiscal stimulus in a national bathtub.
There are ways to fix both the banking and the fiscal problem.
The fiscal problem could be dealt with by issuing generally guaranteed European bonds, which might be a temporary measure, restricted to the financial emergency.
Both bank regulation and fiscal policy require a great deal more Europeanization.
As a result, stimulus was rapidly withdrawn in an effort to consolidate weakened fiscal positions, bringing the nascent recovery to an abrupt end.
Since fiscal room for maneuver is severely restricted in many economies, and expansionary monetary policies have reached their limits, addressing the global crisis effectively requires global cooperation – by governments, businesses, and employees.
If Americans’ demand for housing picks up and businesses want to increase their investment, a clash between China’s lower saving rate and a continued high fiscal deficit in the US could drive up global interest rates significantly.
Could a reduction in government expenditure (or an increase in taxes) lead to such a sharp decline in economic activity that revenues fall and the fiscal position actually deteriorates further?
After all, most models used to assess the economic impact of fiscal policy imply that a cut in expenditure, for example, lowers demand in the short run, but that the economy recovers after a while to its previous level.
So, in the long run, fiscal policy has no lasting impact (or only a very small one) on output.
The paper’s central premise was that Japan’s monetary and fiscal authorities had erred mainly by acting too timidly.
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