fiscal consolidation

The recent fiscal consolidation measures made the matter far worse by widening an already formidable deflationary gap even wider.

Congress and the White House could help by coming up with a fiscal consolidation plan ready to deploy once the recovery is secure.

It said there was a need for fiscal consolidation in many countries as part of the rebalancing effort and said this should begin in 2011.

Fiscal consolidation would not be ignored: it would just not be the only priority.

"A large part of his most immediate programme is already set out in the fiscal consolidation plan demanded by Europe, " Ceberio said.

He said one way to mitigate this risk would be "through some greater exchange rate flexibility " offset by fiscal consolidation .

"All leaders recognize that fiscal consolidation is not an end in itself, " he said.

Deeper co-operation is therefore necessary if tax revenues are to be increased in a way that truly helps fiscal consolidation.

A similar commitment from China to let the renminbi appreciate might calm the debate on fiscal consolidation in the US, he adds.

Fiscal consolidation is unavoidable across much of Europe, but it needs to be matched by policies to stimulate demand.

But are such benefits large enough to ensure that the net effect of fiscal consolidation is to boost growth?

The short-term policy interest rate fell by an average of about 20 basis points for a fiscal consolidation worth 1% of GDP.

There is no doubt a need for fiscal consolidation.

But it assumes what is to be proved: that rapid fiscal consolidation will now support growth, rather than undermine it.

Germany should postpone its fiscal consolidation for a couple of years to boost disposable income and consumption.

But we have to prepare also for the next phase: fiscal consolidation.

Fiscal consolidation efforts might not be strong until the bond vigilantes signal shifting to safer assets.

The crisis has generated a fiscal consolidation consensus in Europe. And there will be mechanisms to enforce fiscal reforms.

It warned that further fiscal consolidation would probably be needed and that any slowing in U. S. economic growth also would pose a risk.

Consequently, the appropriate response is to move quickly to enact a credible, long-term plan for fiscal consolidation.

But should U. S. fiscal consolidation be delayed, these creditors might not be as willing to provide financing.

Greece has also been getting pats on the back from its EU and IMF lenders for its progress on fiscal consolidation.

The coalition's current fiscal-consolidation programme aims for an adjustment of more than 1% of GDP every year for five years.

What is needed are credible medium-term plans for fiscal consolidation, but ones whose implementation depends on economic conditions.

And debt-ridden Europe must now come to grips with a fiscal consolidation that should restrain economic growth for many years.

Continuation of America's and Britain's AAA ratings depends on credible fiscal consolidation.

But the painful work of fiscal consolidation started by Mr Bush's father and continued by Bill Clinton would progressively be undone.

Italy has a new prime minister and is pushing through some reforms and fiscal consolidation measures.

The conclusion is that the UK's fiscal consolidation is likely to be contractionary at a rate of between 1 and 2 per cent of GDP, each year.

The authors begin by picking out the ten harshest episodes of fiscal consolidation in OECD countries in that period.

At any rate, there is a debate to be had about the right amount of market regulation and fiscal consolidation.

In core countries, notably Germany, this fiscal consolidation is voluntary, even masochistic.

High debt countries under market pressure have little leeway, and must continue fiscal consolidation.

To make this credible, it envisages a fiscal consolidation plan that would, in some incomprehensible manner, be legally binding.

These reductions stimulated B (the spending boom) and facilitated A (the fiscal consolidation).

Fiscal consolidation was accompanied by long overdue structural reforms.

As a result, we believe that further fiscal consolidation will be impossible, particularly given the environment of slowing economic growth.

By these standards most rich-country fiscal-consolidation plans score reasonably well.

Outside America the design of fiscal consolidation is more sensible, though the scale may be excessive.

That's the key challenge, and the economic environment is much less favorable now for fiscal consolidation in the euro zone.

That the challenge of fiscal consolidation is large is indisputable.

The US should simultaneously commit itself to long-term fiscal consolidation.

Others claim that fiscal consolidation will have a negative systemic impact on the global economy by damping the growth environment.

But its staff have explicitly rejected my arguments on the pace of fiscal consolidation in the UK.

But Greece makes up only 3% of euro-area GDP, and rapid fiscal consolidation is much less likely in the big economies.

But Mr Obama, despite much talk about the need for long-term fiscal consolidation, has done little to advance it.

Instead it should favour medium-term fiscal consolidation.

Sweden made halving unemployment its priority during its 1990s fiscal consolidation.

Even those who back fiscal consolidation have doubts about Mr Kan's ability to pull it off.

Second, a viable plan for medium and long-term fiscal consolidation is needed.

But there is little doubt that the need to implement a credible medium-term fiscal consolidation strategy is valid for all countries now.

"In Toronto we will push for clear, credible, concrete, timely fiscal consolidation plans. "

France has implemented a fiscal consolidation plan; Italy's cabinet approved one on June 30th.

Rethinking the pace of fiscal consolidation must be done with care.

Either way deficits are bad, which is why "fiscal consolidation" needs to happen immediately.

Each country will have a debt limit that is partly a function of its own history of fiscal consolidation.

I also support fiscal consolidation now.

This is particularly important when one considers fiscal consolidation.

I supported the fiscal consolidation in the early 1980s and 1990s.

Tax policy can also help, where fiscal consolidation allows it.

In Japan, where it has been conflated to mean both fiscal consolidation and deregulation, the term is less illuminating still.

The rich should tread carefully with fiscal consolidation