But, if counter-cyclicalists are right to favor moderating, rather than exacerbating, upswings and downswings in the economy, we still need to know what works best. Given recent conditions, is monetary or fiscal stimulus the more effective instrument?
但如果逆周期政策的人是对的，是应该倾向于温和而不是剧烈的经济回升与衰退进程，我们仍然需要知道什么运行得最好。在近期情况下，到底货币刺激还是财政刺激哪个才是更有效的政策工具呢？