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Fiscal in sentence

6883 examples of Fiscal in a sentence

Central banks frequently stress the limits of their powers, and bemoan lack of government progress toward “structural reform” – a catch-all phrase covering trade liberalization, labor- and product-market reforms, and measures to address medium-term fiscal challenges, such as pension age increases.
If the core problem is inadequate global demand, only monetary or fiscal policy can solve it.
This means that nominal demand will rise only if governments deploy fiscal policy to reduce taxes or increase public expenditure – thereby, in Milton Friedman’s phrase, putting new demand directly “into the income stream.”
Japan’s finance ministry is convinced that it must reduce its large fiscal deficit by hiking the sales tax in April 2017.
And there is no certainty that even if all the countries that have fiscal space used it, the boost to global demand would be sufficient.
If governments run larger fiscal deficits and finance this not with interest-bearing debt but with central-bank money – nominal demand will undoubtedly increase, producing some mix of higher inflation and higher real output.
It is often claimed that monetizing fiscal deficits would commit central banks to keeping interest rates low forever, an approach that is bound to produce excessive inflation.
One thing is certain: Relying on structural reform, on purely monetary policies, or on the fiscal policies available to governments that believe that all deficits must be financed with debt will not reverse the world’s chronic deficiency of nominal demand.
Jobless Recoveries and Manic PoliciesCHICAGO – Monetary and fiscal policies in the United States, both in this recession and the recession of 2001, have been among the most accommodating in the industrial world.
Economic recovery is all about jobs, not output, and politicians are willing to push for economic stimulus, both fiscal (tax cuts or government spending) and monetary (lower short-term interest rates), until jobs start reappearing.
And it can happen to any country, although advanced countries can usually tighten fiscal policy with sufficient speed and credibility that the pain comes mainly in slower growth.
But the government urgently needs to implement credible fiscal adjustment, concentrating not only higher taxation, but also on rolling back some of the incredible growth in government spending – from 45% of GDP to 52% of GDP – that occurred between 2007 and 2009.
But, whereas we are likely to see a wave of defaults and IMF programs this time, too, fiscal meltdown does not have to hit every highly indebted country.
Greece has yet to put on its sneakers, while other troubled countries, such as Ireland, race ahead with massive fiscal adjustments.
Like Argentina, Greece has a fixed exchange rate, a long history of fiscal deficits, and an even longer history of sovereign defaults.
And fiscal weakness and balance-of-payments fragility have become more acute in India, Indonesia, South Africa, and Turkey.
Despite tight national budgets, it would be reckless to put our very survival on the fiscal chopping block.
Having satisfied the Maastricht criteria, fiscal policies have been geared to putting on brakes.
Europe's relatively newfound fiscal discipline probably was a blessing in maintaining market confidence, and thus in immunizing the Continent, during the Asian, Russian, and Brazilian financial panics.
In Japan, sad to say, that sort of fiscal austerity remains something of a curse.
Keynesian remedies (now being tardily applied) and an expansionary fiscal policy have not been able to jump-start the Japanese economy and bring about a return of optimism.
The SEC's fiscal 2004 budget set by the House spending bill is $811 million, roughly twice as much as it was before the scandals surfaced.
In fact, by the end of last year, capital inflows had pushed the dollar up to levels not seen in more than a decade, owing to expectations of large-scale deregulation, tax cuts, and fiscal stimulus in the form of infrastructure spending and increased outlays for America’s supposedly “depleted” military.
In normal times, fiscal policy would support monetary policy, including by playing a redistributive role.
With political gridlock blocking an appropriate fiscal response – after 2008, the United States Congress did not pass an annual budget, a basic component of responsible economic governance, for five years – central banks have been forced to bolster economies artificially.
Admittedly, the country’s economic performance after the oil shock of the early 1970s was poor, marked by slow growth, high inflation and unemployment, huge fiscal deficits, increasing debt, a declining currency, and inadequate infrastructure.
Both inflation and the fiscal deficit fell rapidly; businesses and consumers became more confident; investment picked up; and the government put in place an ambitious package of liberalizing reforms.
Optimists will note that the underlying fiscal situation in Greece is healthier.
Asia’s economies also paid attention to their budgets at a time when huge bailouts made it imperative to demonstrate a glimmer of fiscal conservatism.
The IMF and other creditors are demanding economic adjustments to increase the fiscal surplus, including higher tariffs on privatized public services and a wage freeze for public employees.
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