A Quote by Janet Yellen
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
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The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
Fiscal policy should balance growth, equity, and sustainability concerns, including protecting society's most vulnerable.
Japan's future prospects depend on ensuring fiscal sustainability over the long term.
Fiscal policy is a very important part of the tool kit for policy makers.
In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.
... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.
As a fiscal conservative, I believe one of the most important roles the federal government can play in assuring that our economy remains strong is to keep our fiscal house in order.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak.
"Moderate" Republicans such as Arnold Schwarzenegger like to boast that they're fiscal conservatives and social liberals. But the social liberalism always ends up burying the fiscal conservatism.
A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.
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