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Why, the big spenders ask, is 45% insupportable in Britain while the West Germans get along with a similar, even larger, percentage and churn out economic miracles?Schumpeter believed the answer lay in a close examination of fiscal sociology.
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He said an examination of the pre-election economic and fiscal outlook found $1.2bn missing from the government's school funding commitments of $2.8bn "Now this of course presents a real problem for the government because that money was taken from the education budget and returned to consolidated revenue," Pyne said.
Such tensions regarding the role of knowledge and the nature of policy making are epitomised and can be explored through an examination of the status and operations of independent fiscal councils (IFCs).
Macroeconomic Effects of Fiscal Consolidation".
The costs of fiscal laxity were low.
It was a season of fiscal perestroika.
But the flip side of fiscal stimulus is fiscal tightening.
So we are exiting a period of fiscal stimulus and entering a period of fiscal consolidation.
financing in the form of fiscal coordination, euro bonds and fiscal transfers.
Both are in deep fiscal trouble, both have a history of fiscal irresponsibility.
A sensible fiscal regime would allow scope for additional, discretionary loosening of fiscal policy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com