The arguments for a dramatic short-term fiscal contraction, however, are weak.

然而，支持实行大规模短期财政紧缩的理由经不住推敲。

youdao

It is possible, he says, for such plans to boost growth via an "expansionary fiscal contraction".

他说道，通过“扩张性的财政紧缩”可能可以刺激增长。

youdao

If, in addition, everyone else is cutting, the effect of a fiscal contraction is further magnified.

而且，如果每个国家都采取紧缩的政策，那么紧缩效应将会被放大。

youdao

The result could be austerity, or fiscal contraction, to the level of 4% of GDP.

FORBES: For A Really Scary Story, Try This: Wall Street Just Doesn't Understand Washington

On its definition of deficit-cutting, the fund finds that fiscal contraction tends to reduce GDP and increase unemployment.

ECONOMIST: s struggle to answer a vital question

The myth of an expansionary fiscal contraction, the idea that deficit-cutting would boost growth, has been largely dispelled.

ECONOMIST: Charlemagne