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These managers also eventually run afoul of those board members who come from a corporate background and are used to fiscal regimen.
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A similar argument is used to justify fiscal austerity.
Analysts at Bruegel have proposed such a scheme, which might also be used to impose fiscal discipline.
"And the fact is that the debt limit ought to be used to bring fiscal sanity to Washington, D.C".
Some will be used to finance a fiscal deficit, which will be worse as a result of the coming slump.
New entitlements are being created, and the money that could be used to ward off fiscal disaster is being used for other things.
And once the stimulus debt has been repaid, the green revenues would be used to reduce the fiscal burden on labor.
To that extent at least, the Republican, who once used to be a fiscal conservative, has less to lose in the crunch.
A MATLAB program is then used to design optimal fiscal policy within an LQ tracking model with wavelet decomposition, and the results are compared with an aggregate model with no frequency decomposition.
But he said Britain would protect its position by insisting that the institutions of the EU could not be used to enforce the new fiscal rules.
Such proposals, which we call Buy National, were discussed in many countries in the context of the fiscal stimuli used to fight the recent global recession.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com