In all the other cases fiscalpolicy either had no discernible exchange rate effect or it was the expansion of the deficit that caused the exchange rate to fall.
在其余案例中,要么看不出财政政策对汇率产生影响,要么反而是赤字扩大导致汇率下跌。
2
On the other hand, a kind of expansion but not tightening appear on the whole in the fiscalpolicy.
另一方面,财政政策在总体上呈现一种扩张性而非紧缩性。
3
The fai lure leads to upsurge and expansion of other fiscalpolicy theories, which complement and perfect expanding fiscal policy theories from different points of view.