But in the current crisis, the academic evidence has overwhelmingly shown that fiscal austerity does what textbook economics says it will do: the more severe the austerity, the greater the drag on growth. A variety of studies confirming this proposition, including one by the IMF’s chief economist, Olivier Blanchard, have withstood considerable scrutiny and leave little room for ambiguity.
但在最近的危机中，学术证据一边倒地表明财政紧缩带来了经济学教科书上所说的效果：紧缩越严厉，增长受累越大。大量研究确认了这一说法，其中就包括IMF首席经济学布兰查德（Oliver Blanchard）。这些研究经得起考验，结论明白无误。