Fiscal Policies

Structural and fiscal policies

decentralised fiscal and structural policies ...

Consider monetary and fiscal policies.

ii ) rules based coordination for fiscal policy

Section 4.2 discusses fiscal policies .

Tight fiscal policies will also support fiscal consolidation .

Sound fiscal policies and low taxes are important

It requires the active involvement of fiscal policymakers.

The implementation of sound fiscal policies is in the interest of all countries .

They could also seek to eliminate excess capacity by using expansionary monetary and fiscal policies to stimulate effective demand.

A rigorous and consistent implementation of the surveillance procedures would be conducive to prudent fiscal policies .

The second article assesses the effectiveness of euro area fiscal policies .

First, the system lacked effective arrangements to align fiscal and other economic policies.

With respect to fiscal policies , a discretionary fiscal loosening in EU countries should be avoided .

A more detailed account of fiscal policies and their outcome is provided in Chapter 4 .

Still, we have to acknowledge the vital role of fiscal policies in a monetary union.

The Keynesian remedy, the argument went, ignored the effect of fiscal policy on expectations.

As regards fiscal policies , a number of countries have presented their 2006 budget plans .

A second crucial difference lies in the two countries mix of monetary and fiscal policies.

Moreover , an inappropriate mix of loose fiscal policy and tight monetary policy could trigger a strong , albeit temporary , appreciation of the currency .

Current policies Current fiscal policies in the euro area present a mixed picture as regards action taken to enhance sustainability .

Preserving social consensus for economic reforms will also require active fiscal policies.

Prudent fiscal policies could provide considerable support for confidence in the euro area .

A rigorous and consistent implementation of the EDP would be conducive to prudent fiscal policies .

Those countries that have already achieved sound fiscal positions need to abstain from pro cyclical fiscal policies .

China does not buy Treasuries because it wants to temper the pain of America s fiscal brinkmanship.

As regards fiscal policies , the Governing Council welcomes the spring 2009 orientations for euro area fiscal policies as agreed by the euro area finance ministers in June .

Sound fiscal policies that foster macroeconomic stability are conducive to growth in employment and real GDP .

As regards fiscal policies , the focus clearly needs to be on ensuring the sustainability of public finances .

The eurozone and the UK remain mired in recessions made worse by tight monetary and fiscal policies.

National economic policies , such as fiscal and structural policies , need to be adjusted to counteract persistent and potentially damaging inflation differentials .

The usefulness of activist monetary and fiscal policies became widely accepted in the aftermath of the Great Depression. 160

As regards fiscal policies , developments in the euro area remain of concern .

Reinforcing surveillance of national budgetary policies and ensuring rigorous compliance with the fiscal rules will be key .

Regarding fiscal policy , the Governing Council welcomes the spring 2008 orientations for euro area fiscal policies agreed by the Eurogroup ministers on 13 May 2008 .

So, to avoid prolonged local slumps, it is critical that national fiscal policies can perform their stabilization role.

First , in order to ensure stable macro economic conditions , monetary policy needs to be buttressed by sound fiscal and structural policies .

We get our monetary and fiscal policies right the same way that birds build their nests right.

The ECOFIN Council considered that the subsequent reconfirmation and even strengthening of the fiscal commitments by these two countries was a sufficient response to the concerns underlying the Commission recommendation , and forcefully supported the

At the current juncture , particularly prudent and stability oriented fiscal policies would also contribute to containing inflationary pressures .

Greece s tax system needs to be revamped, and the revenue authorities must be freed from political and corporate influence.

Nonetheless, Mexico s proximity to the US market and its conservative monetary, fiscal, and labor market policies have provided significant protection.

That is why, in the absence of appropriate fiscal policies to address insufficient aggregate demand, unconventional monetary policies will remain a central feature of the macroeconomic landscape.

In a monetary union , fiscal rules are essential not only to contain domestic deficit biases but also to protect against cross country externalities and adverse incentives .