The debate hinges on the scale of the "fiscal multiplier".
争论的焦点主要集中在“财政乘数”的规模。
It had dramatically underestimated the fiscal multiplier.
它大大低估了财政乘数。
All that would reduce the fiscal multiplier, potentially to below zero.
所有这些减小了财政乘数，潜在的可能低于零。
The multiplier is also likely to vary according to the type of fiscal action.
乘数效应同样也受制于财政政策种类的变化。
The IMF, for instance, concluded that the (harmful) multiplier for fiscal contractions was often 1.5 or more.
例如，国际货币基金组织认为，对财政收缩(有害的)乘数经常大于等于1.5。
It serves as a multiplier on the fiscal stimulus program.
它是一个乘数的财政刺激计划。
The fiscal policy multiplier is zero, as in the baseline scenario without fiscal stimulus.
财政政策乘数也将是零，总产出将等于没有财政刺激政策的情况。
The fiscal policy multiplier is zero, as in the baseline scenario without fiscal stimulus.
财政政策乘数也将是零，总产出将等于没有财政刺激政策的情况。
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