The case for returning fiscal responsibility to national authorities is also strong and not only because centralized fiscal authority has proved to be so inefficient.

Most important, supervision suggested some potential responsibility to recapitalize problematic banks, and thus involved a fiscal cost.

But they paid a high price, and fiscal responsibility and conservative monetary policies are now the fashion.

This means that the fiscal authorities have a big responsibility to target a structural fiscal surplus that is high enough to generate the space needed for real exchange rate depreciation.

The danger is that the discrediting of hasty austerity could undermine the case for fiscal responsibility in the long run.

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.

Moreover, curtailing governments access to international credit (and, by extension, inducing more fiscal responsibility) could actually help more enterprising and productive borrowers.

Now both US household and government spending is likely to be curbed, as both parties presidential candidates promise a return to fiscal responsibility.

The goal is to implement a comprehensive set of fiscal responsibility laws that curb the ability of legislatures and ministers to increase spending relentlessly.

Transferring fiscal responsibility back to national authorities would not only mean the end of counterproductive efforts to manage fiscal affairs centrally it would also diminish the sense of frustration and lack of control that is fueling Euro skepticism.

The dysfunctional system of European fiscal governance should be dismantled fiscal responsibility should be returned to member states and, to minimize the risk of excessive future lending, private lenders should be required to bear the losses implied by unsustainable sovereign debt.

It is conditional on beneficiaries having signed on to a fiscal treaty that commits them to budgetary responsibility and makes them liable to quasi automatic sanctions.

They pledge allegiance to long term fiscal responsibility, yet propose budgets with large deficits for years to come and big hikes in the debt GDP ratio.

The surveillance of the border, in places where the Customs is not physically represented, is under the responsibility of GNR BF (National Republican Guard Fiscal Brigade).

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.

When a local government is no longer able to service its debt, the central government will have to place its own fiscal capacity at risk by assuming the responsibility.

A Fiscal Responsibility Law addresses the legitimate concerns of the federal government and the political objections that have emerged on the island around the proposal for a financial control board.

The Center for the New Economy, an independent, non profit and non partisan organization focused on promoting socioeconomic sound policies for Puerto Rico, has proposed a Fiscal Responsibility Act as an alternative

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

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

Fiscal Follies

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

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?

Responsibility

The impact was greater in countries that had a history of structural fiscal problems, maintained loose fiscal policies, and ignored fiscal reforms during the boom years.

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

The economists commonplace that a monetary union demands a fiscal union is only part of a much deeper truth about debt and obligation debt is rarely sustainable if there is not some sense of communal or collective responsibility.

The right to development implies that FDI actually contributes to local and national development in a responsible manner, that is, in ways that improve social conditions, protect the environment, and respect the rule of law and fiscal responsibility.