Do countries have more room to use counter-cyclical fiscal policy than they used to?
第一，与过去比较，各国现在实行反周期财政政策的空间是否更大？
Mr Rogoff, after all, had a point: counter-cyclical policies are tricky.
毕竟R先生有一点说得很对，反周期政策非常复杂。
In rich countries, such counter-cyclical policies are the norm.
而在富裕的国家，这种反周期政策是非常普遍的。
In rich countries, such counter-cyclical policies are the norm.
而在富裕的国家，这种反周期政策是非常普遍的。
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