出于法律限制，许多州为实现预算平衡，被迫在下降周期中削减支出增出或增加税收，此举与凯恩斯主张的刺激型政策背道而驰。

Since many American states are forced, by law, to run balanced budgets they cut spending or raise taxes in a downturn—the opposite of Keynesian pump-priming.

youdao

首先，要有一个量化的政策体系，例如债务目标比率，或像智利一样，在经济周期中把预算盈余设定为占gdp的1%。

The first is a numerical policy rule, such as a target for the debt ratio or, as in Chile, a pledge to run a budget surplus of 1% of GDP over the business cycle.

youdao

80年代，在一个两年一度的财政预算周期中，为了达到收支平衡，他不得不6次削减开支。

In one of our two-year budget cycles in the 1980s, he had to cut spending six times to balance the books.

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