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Since several of its provisions are permanent, the overall fiscal cost will be higher.
Among his published works is a 2000 paper for the World Bank on controlling the fiscal cost of banking crises.
And the first clue is that the return estimated by the Treasury Department is based on "the direct fiscal cost".
It puts the gross fiscal cost of the crisis at 4% of GDP, as against Japan's 14%.
While Ireland's leaders have considered it socially unacceptable for banks to seize large numbers of homes, they also feared the fiscal cost of foreclosures.
Not he.The budget is therefore a modest thing, seeking to deliver a grab-bag of policy measures at minimal fiscal cost.
Similar(8)
But why doesn't Germany like QE? German media and policymakers have three types of objections to the policy: fiscal costs, depreciation of the euro, and less pressure for policy reforms in crisis-hit countries.The fiscal-cost objection is based on the idea that if a country defaults on its sovereign debt the ECB will be left holding the bag (and Germany is the bank's largest shareholder).
"Real fiscal costs" was how Mr Carney put it.
The researchers carefully allocated fiscal costs and revenues to natives and immigrants.
The fiscal costs include government spending on higher education and forgone tax revenues while students are not working.
Many analysts, however, doubt she can stoke activity without incurring fiscal costs that threaten to widen the deficit.
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