Towards a new policy mix in the euro area
指出，除货币政策外，财政自动稳定器仍是最合适的经济稳定工具，但相机抉择的反周期财政政策在严重经济放缓时也有作用。
Along with monetary policy, fiscal automatic stabilisers remain the most appropriate economic stabilising instruments, but discretionary counter-cyclical fiscal policy has a role to play too, especially in the event of a sharp economic slowdown.