Chile s fiscal institutions insure a countercyclical budget.

There are two key elements to Chile s fiscal institutions

They need central banks and fiscal institutions to avert financial panics and moderate business cycles.

Strong central institutions, responsible to a directly elected parliament, are needed to coordinate fiscal and economic policies.

(iv) enhancing good governance, transparency and accountability of public institutions, including through anti corruption measures and improved fiscal management

And, while traditional fiscal policy (government spending and tax cuts) will be pursued aggressively, non traditional fiscal policy (expenditures to bail out financial institutions, lenders, and borrowers) will also become increasingly important.

A Fiscal Responsibility Law, promoted and managed locally, which seeks to reform the key institutions and to adopt a well designed fiscal rule, won't only transform the fiscal status of Puerto Rico, but will also introduce governance reforms to ensure the fiscal solvency and sustainability of the government in the long term.

Mutualizing debts before European institutions have a veto over fiscal policies would only encourage more reckless behavior by national governments.

This requires debt mutualization, fiscal transfers between member states, and, of course, federal institutions to give all of this legitimacy.

The Bretton Woods institutions are helping us to re establish a solid fiscal base and the specialized agencies have almost all moved in to assist development and strengthen our institutions.

For too long, developed countries have clung to their outsize influence in the international financial institutions, even as their fiscal fitness has dwindled.

In the case of a financial crisis, this usually includes fiscal and monetary easing, as well as rescue operations for larger financial institutions.

Fiscal Follies

What's fiscal ?

The absence of global institutions acting as lender of last resort or serving up coordinated fiscal stimulus aggravated the crisis and delayed the recovery.

Meanwhile, the state lurches from fiscal tragedy to fiscal farce.

Fiscal consolidation was not, however, the result of formal fiscal rules.

Thus, German corporations will have to contribute to fiscal consolidation through reductions in subsidies and additional taxes on major energy companies, airlines, and financial institutions.

Europe s Fiscal Wormhole

America s Fiscal Isolationism

Fiscal Closing Time?

Fiscal Child Abuse

Germany s Fiscal Follies

India s Fiscal Follies

Shorting Fiscal Consolidation

Alternative Fiscal Medicine?

Country _ Fiscal year _

Country _ Fiscal year _

Fiscal stimulus is turning into fiscal austerity and a drag on growth.

fiscal year 2000 2001 to the fiscal year 2002 2003 (table 5).

8. 22 29 April 1994 Fiscal Affairs Revenue enhancement and fiscal management

Efforts to diminish the fiscal deficit in the framework of agreements with multilateral lending institutions were successful for Costa Rica, El Salvador, but less so for Nicaragua.

The absence of global institutions acting as lender of last resort or serving up coordinated fiscal stimulus aggravated the crisis and delayed the recovery. And now, go it alone fiscal, monetary, and exchange rate policies are spilling across national borders, threatening currency wars and protectionism.

America s Exceptional Fiscal Conservatism

Europe s Empty Fiscal Compact

Fiscal Fibs and Follies

Gaming US Fiscal Reform

America s Fiscal Cliff Dwellers

Is Fiscal Stimulus Pointless?

Obama s Difficult Fiscal Summer

Fiscal policy was required.

Threading the Fiscal Needle

Fixing America s Fiscal Problem

e. Special fiscal policies

Regions are also fiscal.