Sentence examples for fiscal rigidity from inspiring English sources

Some ministers resent Mr Gil for his fiscal rigidity.

But its record, as our recent series of editorials on detailed themes has shown, is dominated by an initial decision to pursue a needless and disastrous fiscal rigidity.

Without monetary policy as an option and with reduced fiscal discretion, the rigidities in European labor markets have consequences that are much more serious than they would otherwise be.

But it also has milder forms of the fiscal laxity, labour rigidities and trade deficits that plague the periphery.At the nadir of the recession, this middling course served France better than Germany's served it.

The solution lies not in cutting interest rates further, but in shaking up the over-regulated mortgage market.The blame for the euro area's feeble growth rate lies mainly with an over-tight fiscal policy and structural rigidities.

Fines for breaching the "old" pact's limits of a 3% of GDP budget deficit will be automatic, unless voted down by the bulk of the euro zone.Hello kittyThe pact's rigidity would make recessions worse, and the new fiscal rule would not have kept Ireland or Spain out of trouble.

Fiscal stimulus in Europe may still be justified, but structural rigidity will lower its impact on long-term growth.

First, intentions can be respectable without being clearheaded, and the foundations of the current austerity policy, combined with the rigidities of Europe's monetary union (in the absence of fiscal union), have hardly been a model of cogency and sagacity.

There are many reasons behind the crisis, from corruption and collective irresponsibility in Greece to European institutional rigidities and the flawed concept of a monetary union without a fiscal union.

Reprints Related items The economy: HallmarkedApr 29th 1999None of this is to deny that the euro area has many economic flaws, notably structural rigidities, or that there are several design faults in the euro's monetary and fiscal framework, such as the excessive secrecy of the European Central Bank (ECB).

Repetition produces rigidity.