The structural primary budget balance, the International Monetary Fund’s preferred measure of “fiscal thrust,” tightened by an additional 1-1.5% of GDP each year from 2010 to 2012, after which it remained broadly stable. The subsequent two years of neutral fiscal policy has made a positive difference for economic performance.
因此肯定还有其他因素在起作用。其中一个就是如今财政巩固政策对支出和增长的压力有所减少。在2010~2012年间，国际货币基金组织所偏爱的“财政突击”手段——结构性基础预算平衡——令每年的GDP额外收缩了1%到1.5%，直到其效果在很大程度上不再明显。随后两年财政政策则回归中性，为经济表现带来了改观。