I like your frankness.

Fiscal Policy.

Fiscal policy was required.

How will the fiscal system be revamped?

Musharraf s personal frankness and integrity appealed to the street and earned him de facto legitimacy.

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

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.

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

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.

Of course, the ECB has had its problems mainly in the communications area and Duisenberg's candor sometimes did get him into trouble. But these were small matters that were vastly distorted by critics with their own agendas for the bank.

Of course, the ECB has had its problems mainly in the communications area and Duisenberg's candor sometimes did get him into trouble.

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

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.

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.

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

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

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

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

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.

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.

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

Consider Spain, where too much fiscal decentralization to regional governments contributed significantly to weakening otherwise strong public finances.

This invariably means that fiscal and monetary stability will become a priority while controlling the trade surplus has become a lower one.

Fiscal austerity and balanced budgets should be priorities in the longer term, but they are inappropriate now.

(By contrast, fiscal and exchange rate policies rarely imply comparable temporal trade offs, and thus are difficult to exploit for political gain.)

In short, for policies affecting the exchange rate to become part of trade agreements, monetary and fiscal policies would have to become part of trade agreements.

But fiscal policy has been roughly neutral in recent years, and thus cannot be blamed for the German economy s lack of dynamism.

But sounder fiscal policy might lead to even higher inflows as the country s external balance and sovereign risk outlook improve.

But an important insight from history is that unsustainable fiscal policies are more likely to result in defaults when fiscal problems cannot be inflated away.

Yet some now argue that the fiscal and monetary authorities should not have responded so quickly or strongly when the 2007 2009 crisis erupted.

Although fiscal expansion may have played a role in this success, central bank intervention was the most important component by far.

Included in these new global ground rules are standards for such areas as fiscal and monetary policies, accounting, corporate governance, and securities and insurance regulation.

Otherwise, given that the politics and economics of eurozone reform are inseparably linked, fiscal expansion could prove to be as ineffective as efforts by monetary policymakers to foster growth.

Once the monetary rules of the game incorporate the real exchange rate, and assuming that fiscal policy remains supportive, investors can look forward to a less volatile and more competitive currency.

Still, there is an upside here. 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.

Or they could be content with whichever of the three strategies that they expected to see, agreeing that, in any case, fiscal policy was always going to be much better than it would have been under Democratic rule.