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Republicans who came into office in 1994 as fiscal lions have abandoned their budget principles and are going out like lambs.
But there are a few simple things to keep in mind as fiscal policy plays out this year.
129Calmfors (1994) refers to this as fiscal displacement.
In his study of the costs and benefits of early school leaving, Psacharopoulos 2007, classifies foregone tax revenues as fiscal costs.
Concepts such as fiscal multipliers and hysteresis are imprecise.
As fiscal woes continue for San Francisco, recourse for the public's treasure is limited.
As fiscal tightening forces down wages and demand, so the economy will shrink.
In return, centre-right MEPs lamented former French finance minister Pierre Moscovici's appointment as fiscal watchdog.
We expect it to rise further in the next few years, as fiscal consolidation proves challenging.
Technically, the election is nonpartisan, and both candidates have been running as fiscal conservatives.
The need to protect residents from borrowing debacles is coming increasingly into focus, as fiscal distress mounts in many communities.
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