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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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。
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.
这是一个设在美联储的资本储备,由财政部通过销售新的国债提供资金,但该账户的过剩资本是“受困”的,并不会立即变为流通货币。
This is a capital reserve in the Fed financed by the Treasury selling new debt, but its excess capital is "trapped" and does not immediately reach currency in circulation.
西班牙的财政刺激计划为低成本住房的建设提供资金时,就遭到了批评,理由是此举会刺激建筑业的扩张,而该行业原本就已经严重过剩了。
When Spain’s fiscal-stimulus package provided funds to build low-cost housing, it was criticised for spurring more construction in a country that had already seen too much.
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