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By doing this they help restrain political short-termism, avoiding fiscal boom and bust.
The Kingdom is in the midst of a big fiscal boom as it tries to diversify its economy and improve living standards.
The government's fiscal boom will alleviate some of these issues, particularly with regard to the physical infrastructure, although this will not improve utilities and the financial sector.Third, the country's business environment is hazardous and getting worse and this makes life close to impossible for the private sector.
If you were a business owner on Broadway Avenue, the fiscal boom was worth the cultural bloodletting.
Similar(55)
Nonetheless, if the same sequence takes place a multitude of times in different circumstances and the sequence takes place four out of five times -- tax cut, fiscal sector boom, bubble, crash, bank failures and recession or depression -- it makes a very good case for causality.
Dr. Scott's tenure at Ramapo was marked by rising enrollments, increasingly rigorous admission standards, a construction boom, fiscal stability and the addition of three graduate degree programs.
The employment gain on the labor market from fiscal consolidation during boom times is approximately 0.2 percentage points.
But in the long run, these changes stand a chance of making counter-cyclical fiscal policy cutting during booms, spending during slumps the norm.
The severe imbalances of the Spanish economy were ignored because Spain ticked the correct boxes according to the orthodoxy of the boom years: fiscal probity, openness to financial flows, labour market flexibility and an acquisitive and outward-looking corporate sector.
You should tighten fiscal policy in the boom years, not the slump ones.
Its public finances are not in as poor shape as Greece's, thanks to good fiscal discipline during its boom years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com