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Fiscal in sentence

6883 examples of Fiscal in a sentence

But in the current crisis, the academic evidence has overwhelmingly shown that fiscal austerity does what textbook economics says it will do: the more severe the austerity, the greater the drag on growth.
The Commission’s stance, in particular, is animated by an institutional commitment to a fiscal viewpoint that leaves no room for evidence.
Led by US Federal Reserve Board Chairman Ben Bernanke, an economic historian of the Great Depression, they remembered the ideas of John Maynard Keynes and loosened monetary and fiscal policy to avoid the worst.
I have been arguing for four years that our business-cycle problems call for more aggressively expansionary monetary and fiscal policies, and that our biggest problems would quickly melt away were such policies to be adopted.
And the IMF did impose conditions on its loans to Greece – including fiscal austerity, privatization, and structural reform of its pension and tax systems – most of which were necessary to address the country’s insolvency.
Yet the IMF imposed even tougher conditions on Asia than it has on Greece, including fiscal austerity, monetary tightening, and financial restructuring.
Once confidence began to recover and market conditions stabilized, the East Asian economies shifted their monetary and fiscal policies toward expansion and embraced large-scale exchange-rate depreciation – efforts that enhanced their export competitiveness.
Perhaps the latest deal, which was reached with Greece on the brink, will prove to be a turning point, with Greece finally committing actively to economic and fiscal reform.
But, given the combination of massive monetary support, a now-neutral fiscal stance, a steep fall in oil prices, and a depreciated euro, it is the least we could expect, and it will bring per capita GDP back only to its 2008 level.
Until recently, fiscal austerity and the euro crisis could be blamed for poor economic performance.
The European Commission is also trying to lure reluctant governments into bolder action by offering them more fiscal room.
These could be modeled on the fiscal councils that were created a few years ago in each member country to assess national governments’ public-finance plans.
The same can be said of fiscal policy.
Even without widening the fiscal deficit, such “balanced budget” increases in taxes and spending would lower unemployment and increase output.
Unsustainable fiscal deficits, questionable trade policy, a high level of inequality, crumbling infrastructure, underperforming schools, and unaffordable health care are the result of domestic choices.
Finally, once the crisis erupted, the fiscal consequences of bailing out too-big-to-fail financial institutions contributed to rapid public-debt unsustainability, which threatens to boomerang on the banking sector.
We do not know how to handle the fiscal issues posed by the financial crisis.
But hints of new fiscal imprudence or of backsliding on long-term debt consolidation and reduction can drive up borrowing costs dramatically.
In these circumstances, the additional costs of debt service easily outweigh any gains that might come from some measure of fiscal relaxation.
As a result, fiscal uncertainty is affecting all major industrial countries, and producing political paralysis.
It was only 30 years later, in the 1960’s, that Keynesian fiscal policy was widely accepted.
The modern equivalent of that learning about trade policy would be to think about mechanisms to ensure long-term improvement in fiscal policymaking.
In particular, it would be helpful to devise a way to identify potential risks to fiscal stability (such as those implied by an over-extended banking and financial system).
Moreover, there is a need to limit legislative pressure for additional spending on locally important projects that fuel overall fiscal dysfunction.
Now is the moment to launch an analogous effort to reform and rationalize the political process that produces fiscal policy.
Today, fear of unemployment limits consumption, lowering still further the state’s fiscal revenues.
Moreover, the cost curve for health care – a main driver of long-term fiscal deficits – has bent down.
They also must establish a credible plan for medium-term fiscal consolidation – one that entails both higher tax revenues and expenditure reforms, but only once the economy is strong enough to handle such measures.
It must strengthen the European Parliament’s powers so that the EU has a political counterweight to its increasingly powerful economic entities – not just the ECB and the single banking supervisor, but also the European Commission, which will eventually become the enforcer of fiscal discipline.
In Shanghai, the G-20 foreign ministers committed to use all available tools – structural, monetary, and fiscal – to boost growth rates and prevent deflation.
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