Fiscal contraction is contractionary, period.

In contrast, QE3 will be associated with a fiscal contraction, possibly even a large fiscal cliff.

But Keynesianism involved continued fiscal expansion, with no offsetting monetary contraction.

Forecasters assumed that monetary expansion would provide an effective antidote to fiscal contraction.

At the same time, it spares an already weak economy damaging fiscal contraction in the short run.

Although the new tax law is generally described as a fiscal stimulus, it is more accurate to say that it avoids a large immediate fiscal contraction.

Western Europe too needed to increase domestic demand by bringing down interest rates substantially while avoiding premature fiscal contraction.

Contraction

It misjudged the consequences of fiscal consolidation and credit constraints, underestimating the contraction of employment and overestimating exports and privatization receipts.

Contraction Filter

Indeed, this was the trap faced by Argentina in 1998 2001, when needed fiscal contraction exacerbated recession and eventually led to default.

Given synchronized fiscal retrenchment in most advanced economies, another year of mediocre growth could give way to outright contraction in some countries.

China s Inscrutable Contraction

The prospect of a disorderly fiscal contraction needs to give way to a more rationally designed approach that avoids undermining the fragile recovery.

Indeed, just a year or two ago, expansionary fiscal contraction was all the rage, and a massive research effort went into proving its existence.

The Second Great Contraction

On paper, at least, this sizeable threat involving blunt fiscal contraction amounting to some 4 of GDP should have properly aligned incentives in Washington, DC.

Premature fiscal contraction and or withdrawal of countercyclical measures threaten the public support that is essential to promoting recovery among those hardest hit by the crisis.

First, front loaded fiscal austerity however necessary is accelerating the contraction, as higher taxes and lower government spending and transfer payments reduce disposable income and aggregate demand.

The Great Contraction of 2008 2009

Ma'am is a contraction for madam.

The love has been very tough indeed, generating rapid economic contraction, massive unemployment (upwards of 50 among young people), and continued fiscal deterioration, owing to rising debt service costs.

The worry is that, at least in some cases, the IMF will go back to its old failed recipes fiscal and monetary contraction, which would only increase global inequities.

It is a customary contraction like our

Second, the troika based its programs on overly optimistic assumptions. It misjudged the consequences of fiscal consolidation and credit constraints, underestimating the contraction of employment and overestimating exports and privatization receipts.

The United States economy is currently growing at 1.5 per year (about a full percentage point less than potential), and growth may slow, owing to a small fiscal contraction this year.

'Company.' It is a customary contraction like our

Sudden fiscal contraction would reduce domestic aggregate demand faster than the economy s deleveraging and structural shifts could replace it, thereby killing off growth and hiring, with adverse feedback effects on budget deficits.

According to computations by the economist Paul van den Noord, the net result of the 1937 budget was a fiscal contraction amounting to three percentage points of GDP certainly not a trivial amount.

This contraction has become even more severe since then.

This threatens to aggravate the damaging contraction of global trade.

The ensuing losses will aggravate the financial turmoil and economic contraction.

After many years of contraction, investment in construction also will rise slightly.

But, in a Great Contraction, problem number one is too much debt.

The period of gravitational contraction lasts about 10 to 15 million years.

Then We draw it in towards Ourselves , a contraction by easy stages .

Fiscal Follies

What's fiscal ?

Following the German economy s sharp contraction in the last quarter of 2012, the question for the country today is whether it can avoid a technical recession (defined as two consecutive quarters of economic contraction).

Meanwhile, the state lurches from fiscal tragedy to fiscal farce.

Finally, those who view the Great Depression as fundamentally a product of tight fiscal policies and Treasury orthodoxy overlook the much greater culpability of a fixed exchange rate regime for the transmission of bad monetary policy, and thus for fueling the contraction.

Fiscal consolidation was not, however, the result of formal fiscal rules.

The latest estimates for Italy and Spain project a deeper contraction, prolonged into next year.

And emerging markets will suffer once the US contraction and global slowdown undermines commodity prices.

16. In central and eastern Europe severe economic contraction was common and unemployment remained high.