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In practice, the government's fiscal policy was opaque and contributed to massive fiscal instability.
"I am a natural choice to solve the most difficult problem facing the city now, education and its fiscal instability".
Some also disparage the Balkans as bastions of fiscal instability and as havens for drug traffickers and criminal gangs.
"Bad News Budget" (editorial, April 18) noted that "excessive taxes can drive the middle class out of the city... but so can poor services and fiscal instability".
The film presents a laundry list of the city's woes, among them a thinning population, fiscal instability and spates of political dysfunction.
In a city where a wrenching history of racial segregation, municipal corruption, fiscal instability and failing schools is just beginning to recede, this year's mayoral race is bound to be a momentous one.
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Governor Carney today highlights the principled difficulties of entering a currency union: losing national sovereignty, practical risks of financial instability and having to provide fiscal support to bail out another country.
At the same time, the perverse results of equality in fiscal arrangements had caused popular discontent and financial instability.
Being in a currency union can amplify fiscal stress, and increase both the risks and consequences of financial instability.
Instead of pure "animal spirits" or any type of Hyman Minsky's "endogenous financial instability" created by private agents jointly willing to skyrocket leverage, it acquired a "fiscal" nature after 2011.
He writes, "Our refusal to use that option until now has depressed economic growth; led to unnecessarily severe fiscal austerity; and, by committing us to sustained very low interest rates, increased the risks of future financial instability".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com