Among other things, financial institutions tend to benefit from looser fiscal policy which Credit Suisse says will be in place for some time.
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Credit ratings agencies have recently warned that if the U.S. does go over the fiscal cliff it risks sovereign credit downgrades.
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By drifting into the realm of fiscal policy and allocating credit, the Fed has lost credibility.
Alternatively, if recent fiscal agreements unravel, credit could tumble by 4% or more, touching off a deeper euro-zone recession.
The drop in euro-zone inflation will be largely caused by disinflation in the peripheral economies, where fiscal austerity and a credit crunch will squeeze wages and prices.
They happen whether they are due to our elected leaders failing to reach an agreement regarding the Fiscal Cliff or the credit markets freezing up or a currency crisis or a large hedge fund imploding.
U.S. drug makers, Clinton said, would be granted a generous tax credit under his fiscal 2001 budget plan to develop vaccines for impoverished nations.
However, they apply to performance in the previous fiscal year, when the credit crunch and pain it would inflicted on Wall Street was still unimaginable.
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In a very real sense, during a credit crisis, fiscal stimulus answers an urgent public need for a safe place to store money, and at the same time is able to offer employment to those who are desperate to work.
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While many emerging markets are seen as able to counter some effects of slowing economic growth by lowering interest rates or with fiscal stimulus, a European credit crunch could still have a meaningful impact because European banks had been big lenders in the developing world.
If inflation continues to decline in the months ahead, as the government expects following four months of monetary and fiscal measures designed to curb credit and cash flow, then the Central Bank will likely keep the Selic rate unchanged barring any surprises in demand in the third quarter.
Moreover, the Fed has used its discretion to allocate credit and engage in fiscal policy.
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Nor is monetary policy improved by engaging in fiscal policy and the allocation of credit.
However true, his criticism has become monotonous, and some voters at least credit Mr Noda for fiscal responsibility.
Some people will want to argue about who gets credit for the good fiscal policy of the 1980s and 1990s.
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Also, lending continues to accelerate: a combination of a credit boom with a fiscal loosening would be quite inflationary in Russia.
They are counting on land sales and property taxes for less than 17% of their revenues this year, according to Vincent Chan of Credit Suisse, once fiscal transfers from the central government are taken into account.
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The brinkmanship that preceded the increase in the debt ceiling on August 2nd, the downgrade to America's credit rating and the fiscal turbulence in Europe, are the sorts of things that could produce a self-fulfilling collapse in confidence.
Addressing "some important issues like fiscal incentives, reducing cost of credit and transaction costs will help Indian exporters become more competitive, " said Sanjay Budhia, chairman of a panel on exports set up by lobby group Confederation of Indian Industry.
Discover reported a 4% increase in average credit loans outstanding through the fiscal year ending November.
To his credit Dudley warns that the fiscal drag that is planned is too great to do much about creating sufficient growth.
Thus, owning taxable bonds like Treasurys while carrying credit card debt makes little fiscal sense currently, and will become even more disadvantageous going forward.
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The causes included a previous big rise in the fiscal deficit, and the bursting of a credit bubble.
Ratings agencies have issued warnings to the U.S. that U.S. credit will be downgraded if the fiscal cliff problem is not sufficiently resolved.
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Credit ratings agencies have issued recent warnings to the U.S. that its credit will be downgraded if the fiscal cliff problem is not sufficiently resolved.
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The prevailing logic is that the fiscal compact will positively affect the eurozone members credit ratings, as faith in them is re-established by institutional investors.
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But even former Republican economists, such as Martin Feldstein, who advised Ronald Reagan, now say that a fiscal stimulus is needed because of the dysfunctional credit markets.
With your disciplined fiscal habits, I suspect you have an excellent credit score.
The best-case scenario is that both the debtor and credit countries adjust their current and future fiscal imbalances by cutting expenditure.
Beyond the flare-ups in the credit markets, Rueckert noted that the fiscal year for mutual funds ends in October, so they were changing positions.
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