Sentences with phrase «major fiscal policy changes»

Yet, historically, the U.S. has not taken on major fiscal policy changes and significantly increased debt this late in the expansionary period.

Not exact matches

Just as the events of the 1970s and emergence of stagflation throughout the industrial world, led to new policy paradigms, I believe that recent events will force us to develop new approaches to thinking about economic fluctuations and inflation which will, in turn, drive major changes in thinking about fiscal and monetary policy.

But we do not believe the ECB will contemplate a major change in direction, since in the continued absence of a significant fiscal stimulus, the region's economic performance remains too weak for the central bank to risk measures that could create, however inadvertently, a degree of tightening in monetary policy.

Thus, he is in a position to anticipate not only major shifts in social and fiscal policy, but also smaller cultural changes.

Be wary of major changes in fiscal policy which would change the model, although gridlock makes this unlikely.

It suggests three major changes: 1) project and policy preparation need to reflect higher risks, where vulnerability assessments and greater use of climate scenario modelling are combined with a better understanding of interconnections between smallholder farming and wider landscapes; 2) this deeper appreciation of interconnected risks should drive a major scaling up of successful «multiple - benefit» approaches to sustainable agricultural intensification by smallholder farmers; 3) climate change and fiscal austerity are reshaping the architecture of public international development finance.