The IMF argues that movements in the CAPB can give a misleading impression about changes in a country's fiscal stance.

IMF认为经周期调整的财政预算平衡的变化可能会使人们产生对于本国财政政策的方向性误解。

youdao

The Treasury’s fierce fiscal retrenchment would undoubtedly hurt the economic recovery. But the Bank of England would add balm by maintaining an extraordinarily loose monetary stance.

国库的猛烈的财政紧缩无疑会打击经济的恢复，但是英格兰银行将通过维持超乎寻常的货币宽松姿态缓解这一阵痛。

youdao

The Treasury's fierce fiscal retrenchment would undoubtedly hurt the economic recovery. But the Bank of England would add balm by maintaining an extraordinarily loose monetary stance.

国库的猛烈的财政紧缩无疑会打击经济的恢复，但是英格兰银行将通过维持超乎寻常的货币宽松姿态缓解这一阵痛。

youdao

As a result, Brazil has adopted a policy to keep local interest rates high to offset a very lax fiscal stance.

FORBES: Emerging Markets For The Timid

On the fiscal policy side, there was no attempt to make an aggressive fiscal stance in one blow get the economy going.

FORBES: Round Table

And, though markets generally like fiscal discipline, larger budget deficits are more forgiveable than having the wrong fiscal stance for the circumstances.

ECONOMIST: Europe's single-currency rules