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At the policy level, unconventional monetary and fiscal policy measures, like the ultra-loose quantitative easing in the USA and the large fiscal stringency plans in Europe, appeared to not have had the desired effects and are widely held to have inadequate policy responses.
Similar(59)
Beneath all this lie deeper fears about Spain's injured banks, the stringency of the government's fiscal plans, and the impact of both on an already weak economy.Start with the bond-market dynamics.
Whatever else they said or did not say, the French cried no to budget stringency of the sort the Maastricht plan demands.
Financial stringency and more extensive international market engagement both encourage programme introduction.
The budgetary stringency is real.
Yet stringency is just what is needed.
The adviser says stringency is now unavoidable.
It seems to be the prestige of the modernists he admires, rather than their stringency.
Recession and reduced public revenues only heighten the stringency councils have been facing for six years.
He was drawn to theological stringency, melodramatic all-or-nothings, and obnoxiously proud circularity.
His vision of the judge's role has an ecclesiastical aura of stringency and renunciation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com