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Fiscal in sentence

6883 examples of Fiscal in a sentence

The UK authorities have decided to prioritize fiscal consolidation while running a loose monetary policy to contain risks to the recovery from higher taxes and lower government spending.
Not surprisingly, they will often select sources – whether credible or not – that are critical of globalization and current fiscal and economic policies.
In the second place, low labor force participation is a response to the heightened fiscal pressure that results from the burden of having to pay for all the retirement pensions of today's fifty-year-olds.
Italy's recent budget, which neither confronted the pensions issue nor the issue of fiscal reform, demonstrates this fully.
And low growth will hurt tax revenues, undermining the proclaimed goal of fiscal consolidation.
Furthermore, during these nearly 15 years, most governments have managed their accounts responsibly: small or no fiscal deficits, low inflation, well-targeted anti-poverty programs, and so on.
By contrast, those who predict generally high real interest rates over the next generation point to low savings rates in the US, high spending driven by demographic burdens in Europe, and feckless governments running chronic deficits and unsustainable fiscal policies.
Imagine a bunch of irresponsible Bush-like administrations making fiscal policy, forever.
The arguments for low interest rates seem to me to require a degree of government competence that is unlikely, given political parties' current positions and the existing structure of the institutions that make fiscal policy.
I hope to see governments in Western Europe and the US face up to their responsibilities and conduct sensible, sustainable fiscal policies.
Currently, Madison’s co-author Alexander Hamilton is on everyone’s mind in Brussels, as watered-down versions of his concept of fiscal federalism are increasingly perceived as the solution to the eurozone’s malaise.
As they close in on effective joint banking and fiscal policies incorporating more and more elements of Hamilton’s fiscal federalism, they are increasingly constrained by state politics – exactly as Europe’s leaders are inhibited in the current system.
Why?Europe has no policy responses open to it to respond to such a calamity because its fiscal situation is already weak and the new European Central bank is tangled in ineffectiveness and a dated obsession with fighting inflation.
Helicopters on a LeashPARIS – Faced with a slowing global economy, a number of observers – including former US Federal Reserve Chair Ben Bernanke and Berkeley economist Brad DeLong – have argued that money-financed fiscal expansion should not be excluded from the policy toolkit.
It is the one policy that will always stimulate nominal demand, even when other policies – such as debt-financed fiscal deficits or negative interest rates – are ineffective.
History provides many examples of excessive monetary finance, from Weimar Germany to the many emerging economies where governments have pressured central banks to finance large fiscal deficits, with high inflation the inevitable result.
Hamada cites the example of Japanese Finance Minister Korekiyo Takahashi, who used monetary-financed fiscal expansion to pull Japan’s economy out of recession in the early 1930s.
If nominal demand grows faster than real potential growth, inflation is inevitable; and nominal demand growth can be constrained only through a mix of fiscal and monetary policy.
But policymakers always have another option for creating nominal demand: printing money to finance their fiscal deficits.
Because deflation, like inflation, is ultimately a monetary phenomenon, fiscal and monetary weapons are the most critical means to combating it.
Some, like stronger fiscal rules and closer surveillance of policies affecting competitiveness, might help to head off some future crisis, but they will do nothing to resolve this one.
Other ideas, like moving to fiscal union, would require a fundamental revision of the EU’s founding treaties.
In the case of countries with poor fiscal positions, Europe’s rescue fund, the European Financial Stability Facility, can lend for this purpose.
But the government continues to miss its fiscal targets, more because of the global slowdown than through any fault of its own.
Creditors can agree to relax Greece’s fiscal targets.
Better still would be coordinated fiscal stimulus across northern Europe.
If these three urgent tasks are completed, there will be plenty of time – and much time will be needed – to contemplate radical changes like new budgetary rules, harmonization of other national policies, and a move to full fiscal union.
So, are future generations now safe from fiscal profligacy now that hard fiscal discipline seems in place?
According to case studies of 17 countries, the world’s leading economic powers (America, Germany, Japan), as well as a wide range of other countries, are pursuing fiscal policies that inflict heavy burdens on future generations.
Norway, Portugal, Argentina, Belgium and America all have substantial imbalances, imposing a 50 % to 75% increase in net lifetime taxes for future generations through their current fiscal policies.
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