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Such coordination could address fiscal and environmental free-riding at the same time: All countries that commit to a fiscal stimulus would thereby automatically commit to increase their CO2 taxes at a later stage to service their green debt.
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Mariano Rajoy, the prime minister, is committed to a fiscal adjustment worth 5.9% of GDP in just two years.
The IFS said that all parties were committed to a fiscal tightening worth £71bn in today's terms, or 4.8% of fiscal output.
But the insistence by the European Union and the International Monetary Fund that the caretaker Portuguese government commit to a long-term plan of fiscal austerity and economic reform in exchange for a rescue package is misguided.
But if a fiscal authority helped governments credibly commit to a target debt-to-GDP ratio by a certain date, it could then combine stimulus today with austerity later.
The BCC chief economist, David Kern, said in his latest quarterly forecasts for the UK economy: "As long as the chancellor demonstrates that he is committed to a firm fiscal plan, a moderate fiscal stimulus would be consistent with maintaining strong market credibility".
While committed to a prudent fiscal policy, they have fervently opposed university tuition fees, a necessary burden for an indebted country.
If the president is truly committed to a strategy for progressive fiscal stability, as Bill Clinton was, he'll make that the center of his campaign.
The previous Labour government had already committed to a gradual program of fiscal retrenchment, and the interest rates on British government bonds had remained low.
Like the Conservatives, the Lib Dems are committed to a further £30bn of fiscal "consolidation" in the new parliament to clear the deficit in the public finances by 2017-18.
We have always insisted that the banks help fund repairing the economy Danny Alexander Like the Conservatives, the Lib Dems are committed to a further £30bn of fiscal "consolidation" in the new parliament to clear the deficit in the public finances by 2017-18.
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