Sentence:  Despite this view of the importance (or lack of it) of fiscal policy for full employment it is also important to note that <WSD>'fiscalism</WSD>' did become deeply entrenched in Britain in this period. Budgetary policy became the centre piece of macro-economic policy to an extent to which no other country can compare (Dow 1964, p.178). 
Meaning of the word marked with <WSD> tags:  The belief that fiscal policy should function as the primary macroeconomic stabiliser (e.g. for controlling inflation), often associated with the (IS–LM model).