After its fiscal crisis in the 1990s, Sweden adopted a much more cautious approach to the public finances and set a goal of running a budgetary surplus over the economic cycle.

90年代遭遇财政危机之后，瑞典采取了更为谨慎的公共财政机制，并在设定了经济周期内取得预算盈余的目标。

youdao

But should this really be done? After all financial crisis hits the world once every 10 years or so, this is somewhat inevitable and it is only a part of the economic cycle.

然而这真的应该做吗？毕竟金融危机每隔10年左右冲击世界，这是有些不可避免的，它只是一个经济周期的一部分。

youdao

Study on economic cycle is of great importance in the field of economic theory. In particular, in modern times, it has deeply practical significance under the background of economic crisis.

对经济周期问题的研究一直是经济学理论研究的重点，特别是在当前经济危机的时代背景下就更有深层次的现实意义。

youdao

But in the 1970s, on Burns's watch as Fed chairman, unemployment rose, inflation took off and a growing sense of economic crisis made a mockery of the idea that governments could control the business cycle.

ECONOMIST: The global economy