| 单词 | fine tuning |
| 释义 | fine tuning The effort to make precise adjustments in the level of activity via fiscal and monetary policies. Many economists do believe in the use of fiscal and monetary policies to try to get the level of effective demand into a satisfactory range, but do not believe that efforts at fine tuning are likely to be successful. This is because of lags and minor inaccuracies in the data on which policies are based and our incomplete understanding of the precise mechanisms by which policies affect the economy. Incessant attempts at minor adjustments based on inaccurate data and dominated by short-term objectives may simply act as one more source of random shocks to the economy. |
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