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The resulting increase in the demand for health care and old-age pensions in the face of a more or less constant tax base has left governments searching for strategies to cope with the anticipated fiscal pressures stemming from population aging.
And, as it happens, they have pushed up the cost for the government of borrowing for longer periods in the past few weeks and months, precisely because of the anticipated fiscal debt worsening (which, if you choose, you could see as investors discounting the future loss of AAA).
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He published his prescription for a more energetic and consolidated national government in a series of essays entitled "The Continentalist" (1781-82), envisioning a system of national finance which pretty much anticipated the fiscal reforms he would implement a decade later.
The cautious language seemed in part a way to gauge reaction in Congress at a time when the central bank has faced criticism over inadequate regulation, a failure to anticipate the fiscal crisis and its sluggish initial response to the financial collapse.
The UK emergency budget looks to be an even tougher affair than was generally anticipated, incorporating a fiscal tightening building up to some £40bn per annum – just over 2% of GDP – by the end of the parliament in 2015.
Fresh concerns about the large post-Katrina fiscal stimulus anticipated from Congress also suggest that the Fed will make containing inflation its priority.
The gap is even larger that fiscal watchdogs had anticipated.
This paper provides evidence in support of the hypothesis that fiscal policy is largely anticipated and its effects depend on the extent to which policy is able to affect expectations.
An additional 10,000 vouchers are anticipated to be included in the Fiscal Year 2010 budget currently making its way through Congress.
Yet why should the American people fret over Social Security's anticipated shortfall years from now when the fiscal profligacy enacted in Mr. Bush's first term has forced the government to borrow so much every year?
Japan's leading automaker, the Toyota Motor Corporation, said yesterday that it was likely to report higher earnings for the first half of its fiscal year than it had anticipated as sales were stronger than expected in North America and Europe.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com