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.

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

Fiscal Policy.

Fiscal policy was required.

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

European Expansion or Putin Expansion?

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.

How will the fiscal system be revamped?

The expansion of the Roman Empire wiped out a considerable number of the original European languages.

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

First, in countries in which there is fiscal space, they must announce credible fiscal expansions we the IMF believe that, as a whole, a global fiscal expansion about 2 of world GDP is both feasible and appropriate.

Early European exploration likely continued this rapid pace of extinction.

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.

A general expansion of health insurance would also lead to an increase in the provision of hospital services.

This early global expansion is a competitive advantage over its competitors and European neighbors.

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.

China s technology inroads are usually less dramatic, but no less telling.

Monetary expansion generally makes it easier to borrow, and lowers the costs of doing so, throughout the economy.

Military expansion is inherently incompatible with Asia s move toward the center of the global economy.

French colonial rule Mali fell under the control of France during the late 19th century.

Expansions usually start collapsing when labor gets too scarce and too expensive.

The West should seek to mollify Russia on core strategic questions like NATO expansion.

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

Indeed, US monetary expansion had itself become a weapon in the war over exchange rates.

In fact, it was largely a result of massive fiscal stimulus and credit expansion.

His strategy the three arrows of massive monetary expansion, increased government spending, and structural reform is theoretically sound.

The Viking expansion from the 9th century onwards reached areas such as Normandy, Galicia, Andalusia, Sicily and Crimea.

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.

The quantity of liquidity in the world economy is surprising, and monetary expansion by central banks does not explain it completely.

And, in fact, you could say that the expansion of the Empire was really sort of one long, drawn out militarized shopping spree, really.

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

With some luck, this time will be different the inflation problem is not yet acute and hence early and gradual restraint may produce slowdown rather than a recession.

In the past, no US expansion has died in bed of old age, they have all been murdered by the Fed.

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.