Fiscal policy transmission mechanism directly reflects the efficiency of the market mechanism and it also affects the effects of fiscal policy.

财政政策传导机制直接反映市场机制效率的高低，同时也会影响到财政政策效应的实现。

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Poor fiscal policy choices made leading up to the global financial crisis have been magnified as the ripple effects of the meltdown continue to radiate through markets around the world.

而经济崩溃产生的一系列连锁反应继续辐射着全球市场，一步步导致全球金融危机的那些不当财政政策的影响已经被不断放大。

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This paper makes some research on the dynamic effects of expansionary fiscal policy between 1998 and 2004 in China.

本文对中国1998 ~ 2004年间实行的积极性财政政策的动态效应进行了实证研究。

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If workers and businesses anticipate the effects of monetary and fiscal policy, they will not change their economic behavior.

FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus

On top of this, there is little scope for fiscal policy to cushion the effects of economic shocks affecting different countries in different ways.

ECONOMIST: s for EMU | The Economist

Whatever the effects of a change in Germany's fiscal policy, the political fallout is predictable.

ECONOMIST: German economic policy