Stabilizing the Horn

Fiscal Policy.

Fiscal policy was required.

Macroeconomic stabilization is but the start.

It is the government s job to stabilize expectations.

But stabilization has been nothing short of astounding.

How will the fiscal system be revamped?

The biggest thing to happen on his watch is that Russia stabilized itself.

The international community must recognize that the Middle East security equation is not a simple linear one involving Israel versus the Arab world.

The first priority, after all, was to stabilize a highly dangerous situation.

Stabilization of exchange rates implies an aggressive targeting of interest rates.

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

The immediate priority is to calm and stabilize the situation in Gaza.

Such stabilization would also eventually stop further climate change.

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.

A more hawkish fiscal stance may no longer be possible in future Democratic administrations, and might not be good policy if it were, given the likely complexion of successor administrations. Stabilizing the debt to GDP ratio is thus the line in the sand that must not be crossed.

Stabilizing the debt to GDP ratio is thus the line in the sand that must not be crossed.

Stabilization of the problem in the developed world shows that containment is possible.

The goal should be to stabilize these countries economies as they undertake their delicate political transitions.

A rate plateau of over 13.0 persons per 1,000 population occurred for every year from 1946 to 1962.

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

The priorities must be the stabilization of North Africa, humanitarian aid, and long term support for political, economic, and social progress.

Today s economics textbooks assume that a primary objective of central banks is to stabilize consumer prices, rather than the value of money.

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.

If the sine qua non of recovery via austerity is the stabilization and reduction of debt, the cynics case appears to have been made.

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.