Sentence examples for Fiscal discretion from inspiring English sources

But he wants them to have elected mayors, with fiscal discretion locally accountable.

We model a monetary union where fiscal discretion generates excessive debt accumulation in steady state and inefficiently delayed debt adjustment following shocks.

Attention is paid to the municipal authority and the extent of its legal and fiscal discretion, inter-agency coordination and community participation: these are all central to municipal management and to optimize the effect of public policies and urban planning.

Neither public support, nor the need for fiscal discretion, will have been tested properly until part or all of the euro area passes through much thinner, more difficult times.

Without monetary policy as an option and with reduced fiscal discretion, the rigidities in European labor markets have consequences that are much more serious than they would otherwise be.

Seminar 237/281: Macro/International Seminar - "Fiscal Rules and Discretion under Limited Enforcement".

But Berlin wanted to remove political discretion from the fiscal sanctions procedure, while France was determined to allow politicians the last word on any decision to punish a country for budget delinquency.

"Interaction of commitment and discretion in monetary and fiscal policies". with Luisa Lambertini.

By contrast, George Osborne and Philip Hammond's fiscal rule gives the chancellor more discretion in the "event of a significant negative shock" quite broadly defined.

Unpublished mathematical appendix 91K) to the paper "Interaction of commitment and discretion in monetary and fiscal policies," (with Luisa Lambertini), American Economic Review, 93 5), December 2003, 1522-1542.

The independent fiscal authority would then be given discretion to increase or reduce income-tax rates across the board within a narrow band of, say, a percentage point either side of existing rates.