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Fiscal in sentence

6883 examples of Fiscal in a sentence

Efforts to strengthen Europe’s fiscal rules, for example, will take the form of bilateral agreements between governments, rather than changes in the European Union’s Lisbon Treaty.
Fiscal support for the expansion will continue to be withdrawn.
Although all of the Fragile Five – identified based on their twin fiscal and current-account deficits, which make them particularly vulnerable to capital-flow volatility – have adopted some macroprudential measures since the global financial crisis, the mix of such policies, and their outcomes, has varied substantially.
If used wisely, such platforms could take up the slack created by governments’ fiscal constraints to facilitate the entrepreneurial innovations needed to build the blue economy.
They established the principle that their new fiscal agency, the European Financial Stability Fund (EFSF), should be responsible for solvency problems, but they failed to increase the EFSF’s size.
This stopped short of establishing a credible fiscal authority for the eurozone.
Less than one week before Papandreou dropped his bombshell, eurozone leaders had spoken unequivocally: “The introduction of the European Semester has fundamentally changed the way our fiscal and economic policies are coordinated at European level, with co-ordination at EU level now taking place before national decisions are taken.”
Technically, Papandreou’s proposed referendum was not directly about fiscal or economic policy, but it is a decision that would have had huge economic ramifications for the eurozone.
Papandreou’s move also exposes the fatal flaw of grand plans for a political or fiscal union to support the euro: the “people,” not governments, remain the real sovereign.
Governments may sign treaties and make solemn commitments to subordinate their fiscal policy to the wishes of the EU as a whole (or to be more precise, to the wishes of Germany and the European Central Bank); but, in the end, the people may reject any adjustment program that “Brussels” (meaning Berlin and Frankfurt) might want to impose.
While 25 of the EU’s 27 governments agreed to the “fiscal compact,” aimed at imposing fiscal discipline on member states, there is no guarantee that governments will not violate the rules, just as they violated those established by the Maastricht Treaty.
A flexible membership system would enable countries to join the northern euro when their economic and fiscal conditions became strong enough.
The euro’s framework should be adjusted to suit current fiscal and economic realities – not the other way around.
(By contrast, fiscal and exchange-rate policies rarely imply comparable temporal trade-offs, and thus are difficult to exploit for political gain.)
As a result, they have the fiscal firepower to boost consumption in order to mitigate the effects of declining exports.
China responded to the 2009 global slowdown with dramatic fiscal and monetary stimulus, which fueled a rapid investment-led recovery at home and throughout Asia.
The Quiet Demise of AusterityLONDON – It has been several years since policymakers seriously discussed the merits of fiscal austerity.
The last time the G7 issued a communiqué noting the importance of fiscal consolidation was at the Lough Erne Summit in 2013, when it was still the G8.
Fiscal policy was being tightened when growth was languishing below 2% (after bouncing back in 2010), and sizeable negative output gaps suggested that overall employment would be slow to recover.
But just as fiscal policy was being tightened when cyclical economic conditions seemed to call for easing, it is now being eased when conditions seem to call for tightening.
In 2013, Japan was the only advanced economy to loosen fiscal policy.
But this year, the United Kingdom appears to be the only one preparing to tighten its policy – and that is assuming recent political ruptures haven’t altered its fiscal orientation, which will be reflected in the Chancellor of the Exchequer’s Autumn Statement.
The higher the growth rate relative to interest rates, the lower the level of fiscal consolidation needed to stabilize or reduce debt as a share of GDP.
As economic growth continues to pick up while interest rates lag, at least outside the US, fiscal authorities will have further opportunities to reduce debt, and create fiscal space for stimulus measures when the next cyclical downturn inevitably arrives.
But policymakers are not doing this, which suggests that they have prioritized largely political considerations over fiscal prudence.
This political environment is hardly conducive to fiscal consolidation.
Some people will always lose more than others from fiscal consolidation, and deciding who those people are is never a pleasant exercise.
One way or another, fiscal authorities will have to confront challenging tradeoffs in the years ahead.
The Fed has neither the legal authority nor the political mandate to run fiscal policy; if it tries to do so, it runs the risk of forever losing its independence.
There is now no question that the Kremlin’s military spending is threatening Russia’s fiscal position, which has already been undermined by low world oil prices and the West’s economic sanctions.
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