Given the political sensitivity of these issues, fiscal consolidation will be challenging.

At a time of deep recession, such support should not be made contingent on reaching unattainable fiscal objectives. Fiscal consolidation should be a condition for the longer term aid that international organizations will have to provide.

Fiscal consolidation should be a condition for the longer term aid that international organizations will have to provide.

LOS ANGELES The debate over fiscal expansion versus consolidation continues to divide the developed world.

Consolidation of power.

Fiscal Policy.

Fiscal consolidation.

Fiscal policy was required.

Consolidation, however, is not reform.

How will the fiscal system be revamped?

Fiscal consolidation and the abrupt closure and restructuring of inefficient banks and state enterprises would, after all, constitute a powerful brake on short term growth, threatening social peace and political stability.

In the US, a budget sequester and other tax and spending policies led to a sharp fiscal drag in 2012 2014. And in the United Kingdom, self imposed fiscal consolidation weakened growth until this year.

Fiscal Follies in America and Beyond

Pro cyclical fiscal adjustment is still the order of the day.

Fiscal responsibility in the eurozone would be fatally undermined.

Fiscal policy should remain largely decentralized, save for a few exceptions

So early fiscal consolidation can be expansionary on balance.

As with Greece, democratic consolidation was at stake.

In Japan, sad to say, that sort of fiscal austerity remains something of a curse.

Then the Bush administration s reckless fiscal policy pushed it lower.

But we can better achieve our objectives under an EU framework that supports, rather than impedes, national action to boost growth and employment.

In the coming years, total consolidation is set to increase to around 9 of GDP.

Fiscal consolidation and national reforms are essential and should continue.

Having satisfied the Maastricht criteria, fiscal policies have been geared to putting on brakes.

The world as a whole needs tighter monetary and fiscal policy.

But consolidating too quickly can hurt the recovery and worsen job prospects.

With oil prices collapsing, this pool of resources won t be refilled quickly.

Although the consolidation of funds is a time consuming and expensive affair, this decision will be justified in the long run.

The minimum fiscal coordination needed would involve automatically implemented national plans, formulated by each government in advance.

While some countries in the past undertook adjustments of similar magnitude, a generalized consolidation of this sort is without precedent.

The IMF should also provide technical and financial assistance to support a long term program aimed at redefining the fiscal responsibility of the central and provincial governments. True fiscal decentralization must take hold if the central government is ever to regain full control of public finances.

True fiscal decentralization must take hold if the central government is ever to regain full control of public finances.

To resolve the Iraqi crisis and to consolidate a democratic system effectively means that the neo conservative vision of imposing democracy will have been defeated.

Because fiscal policy did not stimulate the economy, a greater burden was placed on monetary policy.

When the crash came in 2008, massive fiscal and monetary expansion prevented US consumption from collapsing.

In any case, the lions share of public expenditures goes to pensions, transfers, and public sector salaries. Without drastic reform of the social state, European fiscal policy will continue to have feet of clay.

Without drastic reform of the social state, European fiscal policy will continue to have feet of clay.

Two factors incited Austria's lower than expected economic dynamics delayed fiscal consolidation and lagging structural reforms.

But investors will become increasingly cautious even about these countries if the necessary fiscal consolidation is delayed.

Treatment First line treatment of AML consists primarily of chemotherapy, and is divided into two phases induction and postremission (or consolidation) therapy.

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.

Finally, and just as importantly, governments must indicate that, if conditions deteriorate, further fiscal expansion will be implemented.

Some think that fiscal policies from the structure of taxation to welfare, to budget balances should also be harmonized.

Long term fiscal consolidation requires, in the first instance, expenditure restraint and labor market reforms can, over time, bring marginal groups into employment.

Meanwhile, fiscal policy is constrained by the rise of deficits and debts, bond vigilantes, and new fiscal rules in Europe.