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"Never before have New Yorkers faced this type of fiscal challenge," Mr. Pataki said.
On the other hand, it must be admitted that the type of fiscal policy that might be most desirable theoretically has achieved very limited public support.
But if you care about the long-term health of the country, the president has more to answer for than just inventing a particular type of fiscal time bomb.
Leaving the meeting, Mr. Stournaras promised "hard work" but refused to respond to reporters' questions about the type of fiscal policies he was planning to carry out or his thoughts ahead of a visit by officials representing Greece's international creditors, who will consider its request for the easing of some of the terms of the debt deal.
And the loser is... Recovery ward An old dawn Fiscal iceberg Bogged down Much ado about multipliers Reprints Related items Sources: "Much ado about multipliers"Sep 24th 2009The multiplier is also likely to vary according to the type of fiscal action.
They have the type of fiscal deficit that got Russia into trouble.
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That concept comes from the belief that different types of fiscal transfers are more or less desirable according to whether the cash is saved or spent immediately.
Subsidy measures will do little to dampen inflationary pressure, especially if governments pair them with higher public-sector wages and other types of fiscal support to soothe troubled populations.
However, there is a growing academic literature that shows that fiscal expansion helps an economy grow in the near term, and that certain types of fiscal stimulus are particularly effective.
Thirdly, we focused on palm oil taxation, but other types of fiscal policies are also increasingly being discussed in the literature, such as taxes on sugar sweetened beverages, which have not yet been modeled for India or most other low and middle income countries.
Nevertheless, due to an upgraded macroeconomic policy framework and careful regulation of the financial system, Mexico did not suffer the type of financial and fiscal crises experienced in other countries (Schwellnus 2011).
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