The Crisis of Fiscal Imagination

The Fiscal Crisis Down Below

The Road to Fiscal Crisis

Japan s Fiscal Crisis Comes of Age

But the fiscal crisis is not the whole story.

But a fiscal crisis calls for political self restraint.

But the stimulus measures transformed a banking crisis into a fiscal and sovereign debt crisis.

BERKELEY Fiscal profligacy did not cause the sovereign debt crisis engulfing Europe, and fiscal austerity will not solve it.

America s fiscal crisis is profound, and it is not just about numbers.

Unfortunately, the Global Fund is already in a state of fiscal crisis.

The eurozone and the European Union could survive its fiscal crisis intact.

It had a fiscal surplus before the crisis after the crisis, its deficit increased to more than 11 of GDP.

Given the fiscal legacy of the current crisis, no efforts should be spared in anchoring fiscal discipline firmly in European Union countries.

Spain, for example, was not running a fiscal deficit coming into the crisis.

TOKYO The Greek fiscal crisis has sent shockwaves through markets around the world.

Although hardly in crisis (yet), Japan s fiscal situation grows more alarming by the day.

Spain and Ireland had fiscal surpluses and low debt GDP ratios before the crisis.

But we are not happy with unemployment that results from a sudden fiscal crisis.

The US Treasury strongly encouraged Asia to tighten fiscal policy during its 1990 s crisis.

We do not know how to handle the fiscal issues posed by the financial crisis.

I am one of those who believe that recovery from the crisis requires fiscal stimulus.

Then came the financial crisis, with the central government adopting fiscal stimulus and relaxing monetary policy.

Indeed, some economists fear that a fiscal crisis could erupt even aftera tax hike is passed.

After all, the debt crisis is likely to continue to generate immediate economic, fiscal, and market pressures.

The government s prompt action to counter the crisis fiscal stimulus, growth packages, and monetary easing proved effective.

Greece overspent, but Spain and Ireland had fiscal surpluses and low debt to GDP ratios before the crisis.

BERKELEY Fiscal profligacy did not cause the sovereign debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, such austerity has aggravated the crisis and now threatens to bring down the euro and throw the global economy into another tailspin.

Nevertheless, this enforced fiscal discipline, combined with individual states own internal budgetary procedures, has prevented a large scale state level fiscal crisis from occurring in the US since the Great Depression.

Across the Atlantic, America s fiscal crisis and weak economic growth will force it to reduce its global military commitments.

This points to a systemic dimension of the crisis that cannot be reduced to profligate behavior by fiscal sinners.

You might suspect that such a country is either phenomenally rich or on the fast track to fiscal crisis.

If not reversed, this combination of very loose fiscal and monetary policy will at some point lead to a fiscal crisis and runaway inflation, together with another dangerous asset and credit bubble.

A fiscal crisis in the United States (owing to further political fights over the debt ceiling and another government shutdown).

STANFORD While central governments fiscal problems plague many economies, a parallel crisis is enveloping many subnational governments around the world.

Many emerging markets that were growing strongly before the crisis responded by injecting substantial amounts of monetary and fiscal stimulus.

California is an example of long run fiscal folly meeting short run national and global economic crisis, resulting in chaos.

This would ensure both fiscal stability and fiscal innovation in contrast to the present situation, in which no one obeyed any rules and, when crisis erupted, taxpayers had to come to the rescue.

However, despite this positive picture, a climate of protracted social and humanitarian crisis endured through the year, punctuated by an intensification of the conflict, ongoing barrier construction and persistent fiscal crisis.

US and Chinese leaders have fought the crisis with not only massive fiscal stimulus, but also deep intervention into credit markets.

Such sentiments reflect the slow growth and fiscal problems that followed the 2008 financial crisis, but they are not historically unprecedented.

In many countries, their fiscal position has collapsed under the combined weight of mismanagement and the global economic and financial crisis.

Despite these initial steps, a fiscal crisis within the Palestinian Authority required emergency budget support towards the end of the year.

There are three basic approaches to resolving the banking crisis (which means resolving the fiscal adjustment, sovereign debt, and euro issues simultaneously).

Throughout the crisis, the Chinese economy continued to grow at an amazing pace, in part as a consequence of massive fiscal stimulus.

Some politicians, for example President Barack Obama in the US, herald their fiscal stimulus programs as effective responses to the economic crisis.