Is it possible that the US and other major global economies might not return to full employment and strong growth without the help of unconventional policy support? I raised that notion – the old idea of “secular stagnation” – recently in a talk hosted by the International Monetary Fund.
如果沒有非傳統貨幣政策的幫助,美國和全球其他主要經濟體是否可能無法回到充分就業和強勁成長的狀態?在近期國際貨幣基金組織(IMF)主辦的一場討論中,我談到了這個概念,即存在已久的「長期停滯」觀點。
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