Gaming US Fiscal Reform

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

Fiscal reform should enhance government legitimacy by paying greater attention to equity.

Medium term fiscal reform, for its part, will be pushed by bond market vigilantes.

Fiscal reform We desperately need you to eliminate the looming fiscal cliff in the context of medium term reforms of both the tax system and entitlements.

Fiscal reform We desperately need you to eliminate the looming fiscal cliff in the context of medium term reforms of both the tax system and entitlements.

Committee of experts charged with preparing a reform of fiscal criminal law on the federal level.

So the entire fiscal system is a crucial item on China s reform agenda, especially management of public capital.

Such an environment cannot be created unless two important tasks are successfully undertaken, namely, fiscal and financial reform at the country level, and monetary coordination and fiscal harmonization at the regional level.

Systemic reform of Italy s government may be a prerequisite to achieving consensus on a path to fiscal health and growth.

Now is the moment to launch an analogous effort to reform and rationalize the political process that produces fiscal policy.

Likewise, they cannot fix debt overhangs, repair broken home financing, or address medium term fiscal reform challenges on their own.

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.

The first institutional reform takes the form of a larger envelope of official resources, which would mean a quasi fiscal union.

This, in turn, could delay needed improvements in financial regulation, balance sheet repair by banks, structural economic reform, and fiscal adjustment.

A new fiscal compact and new governments in Greece, Italy, and Spain spurred hope of credible commitment to austerity and structural reform.

It will assess the fiscal and employment impact of ageing and suggest possible directions for social security reform in the concerned countries.

But, in the long run, China s fiscal and financial stability will be ensured only by systematic institutional reform of central local government relationships.

In Japan, QE may have contributed to delays in economic reform and restructuring, thereby weakening longer term economic growth and exacerbating fiscal distress.

Changing that pattern will require a restructured financial system that allocates savings efficiently, based on fiscal and capital market discipline and corporate governance reform.

The need for the Palestinian Authority to adhere to the reform agenda and to re establish fiscal discipline was a central theme of the meeting.

In the United States, where markets, the judiciary, and regulation are highly developed, the imperative is not institutional reform, but policy reform addressing the weak fiscal position, income and wealth inequities, unemployment, health care, and deteriorating physical infrastructure.

In theory, simultaneous fiscal consolidation and supply side reform facilitates economic recovery, because it increases confidence among consumers and investors, thereby inducing higher spending and production.

Moreover, since early September, the potential benefits of cooperation now include avoiding an embarrassing credit rating downgrade next year if medium term fiscal reform does not materialize.

You don t pick an arsonist to head the fire department, I thought when Obama named him co chair of the National Commission on Fiscal Responsibility and Reform.

Meanwhile, India, constrained by a high fiscal deficit and persistent inflationary pressure, has less scope for expansionary policies and faces significant challenges in pursuing credible structural reform.

I would favor articulation of the principle that the necessary concrete steps toward long term fiscal consolidation in advanced countries such as raising the retirement age or taking other steps today to reform public pensions need not require premature withdrawal of current fiscal stimulus

Officials will have to put aside short term motives and party orthodoxy to bolster America s aging infrastructure, reform its education and immigration systems, and pursue long term fiscal consolidation.

For starters, China s new leadership has moved away from outsize fiscal and monetary stimulus and accepted an economic slowdown, betting on structural change, systemic reform, and sustainable longer term growth.

According to the non partisan Congressional Budget Office, the US Senate s reform legislation, passed in June, would result in fiscal benefits worth almost 1 trillion over the next two decades.

The G 20 could not agree on coordinated fiscal stimulus or concrete steps towards banking reform. But it did coalesce behind the International Monetary Fund and provided it with additional resources.

The Social Democrats returned to power in 1994, but they accepted Bildt s new fiscal policies, and even carried out a revolutionary pension reform in 1998 that properly tied benefits to payments.

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

It is not clear if deflation can be beaten with monetary policy excessive fiscal stimulus and deferred austerity may make the debt unsustainable and the structural reform components of Abenomics are vague.

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

Fiscal Follies

Systemic reform of Italy s government may be a prerequisite to achieving consensus on a path to fiscal health and growth. But this is not the ideal moment for a timeout to do that.

This assertiveness has been on full display under Prime Minister Shinzo Abe, who has vowed to attack Japan s prolonged economic morass using three arrows expansionary monetary policy, aggressive fiscal policy, and structural reform.

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

The Radical movement campaigned for electoral reform, a reform of the Poor Laws, free trade, educational reform, postal reform, prison reform, and public sanitation.

Europe s Fiscal Wormhole

America s Fiscal Isolationism

Fiscal Closing Time?

Fiscal Child Abuse

Germany s Fiscal Follies