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However, due to the need for unanimous agreement in the Council of Ministers, a fiscal alignment remained highly unlikely.
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Second, as Europe has shown, currency alignment without fiscal prudence and coordination is a recipe for chaos.
Not only has the stability and growth pact, which was supposed to help force fiscal policies into rough alignment, been weakened.
There is little alignment between fiscal and monetary policy.
At least the government is doing this much correctly: It has fiscal and monetary policies in alignment.
Or, as Mr. Blinder put it: "To get a 'contractionary' fiscal policy to be expansionary, the stars have to be in alignment".
Finally, the policy recommendations to address "fiscal and monetary deficiencies" in the GNSI focus more on the alignment of funding, fiscal and monetary, support of performance and the development of monitoring and audit instruments.
Organizations seeking funding from the CZI Community Fund can apply before December 1. They'll be evaluated on the basis of alignment with the fund's mission, impact potential, leadership, collaboration with other organizations, community engagement and fiscal responsibility to ensure funds aren't wasted on overhead.
Fiscal slope?
Fiscal policy!
fiscal orgy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com