The synchronization happened when most governments simultaneously moved from a tight monetary and fiscal stance to expansion.

The financial markets ought to be impressed by the tough fiscal stance of Brian Cowen's coalition government.

You contradict yourself by claiming that the Government action has stopped growth - I assume you think this is the case because of their fiscal stance.

Labour's officiial fiscal stance for 2010 and 2011 was not very different from what the Government did.

Second, what matters for the trade balance is our fiscal stance relative to that of our trading partners.

Second, with the economy enjoying high levels of employment and price stability, there is no macroeconomic reason for changing the Government's net fiscal stance at this time.

While we've seen some progress, Britain's fiscal stance, for all the rhetoric to the contrary, remains incredibly loose.

The move, in late 1992, towards a new 'control total' for public spending, makes it clear that the government will continue to seek a tight fiscal stance.

I would say that the pact has worked well, that the automatic stabilisers have allowed us to adopt an expansionary fiscal stance.

Monetary targets were left virtually unchanged and the fiscal stance was broadly neutral.