尽量美国联邦公共债权在过去18个月里从5.5万亿美元激增到了8.6万亿美元,财政过剩(fiscal excess)的典型特征还是不特别彰彰。但这种看法是特别很是危险的,看起来,但是至今还是没有映现通货收缩率和永久利率攀升的现象。
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However, with the persistence of excess capacity globally, it is important for those countries with adequate fiscal space as well as worries about weak demand to maintain their stimulus programs.
然而,在全球持续存在产能过剩的情况下,那些具有充足财政空间并担心需求疲软的国家维持刺激计划很重要。
The United States will focus on reducing its medium-term federal deficit and ensuring long-term fiscal sustainability, and will maintain vigilance against excess volatility in exchange rates.
美国将重点减少中期联邦赤字,确保长期财政可持续性,并对汇率过度波动保持警惕。
FOR a man who is likely to run a budget deficit in excess of 12% of GDP this year, Barack Obama can do a surprisingly good impression of a fiscal hawk.
今年美国的财政赤字可能超过GDP的12%,因此对于奥巴马来说他给人以财政强硬派的印象。
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