据称,紧缩政策实际上具有扩张性的,因为信心会得到了提高。
Austerity would actually be expansionary, it was claimed, because it would improve confidence.
但是,如特里谢先生和其他“扩张性的财政整顿”的信徒所言的那样,紧缩实际上在短期内促进增长吗?
But is it right to claim, as Mr Trichet and other devotees of "expansionary fiscal consolidations" do, that belt-tightening can actually aid growth in the short term?
扩张性的财政紧缩的例子在目前很难复制。
Examples of such "expansionary fiscal contractions" are much harder to replicate now.
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