Fiscal responsibility in the eurozone would be fatally undermined.

Fiscal Policy.

Fiscal policy was required.

How will the fiscal system be revamped?

Fiscal Follies in America and Beyond

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

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

Positive expectations economic growth, improvement of competitiveness Negative practice coordination of policy, fiscal restructuring, structural reforms Do not allow new members to apply EU rules selectively

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.

operator versus State liability

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.

Forest fiscal reform provides opportunities to increase revenues generated from forest resources.

Fiscal policy reflects the commitment gradually to reduce public deficits to arrive at a budget in balance.

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.

Latvia (criminal liability) and Mexico (liability in general).

The Cartoonist s Responsibility

Individual responsibility

The responsibilities of the State

Parental responsibility

Corporate responsibility

Ethical responsibility

3.2 Parental responsibility

Economic efficiency

quot (c) Responsibility for

And the 1950's were defined by responsibility.

That's the liability.

This is a liability.

Morally responsible?

Quite a responsibility.

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.

Efficiency arguments are important in the context of globalization and a pressure to improve competitiveness, in the context of an ageing society, etc. Gender aspects are at the very centre of these processes.

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.