We are living in turbulent days. The financial crisis of 2008 is not over, especially in advanced economies. With growth still weak, these countries have been adopting extremely expansionary monetary policies, rather than a more balanced mix of monetary and fiscal stimulus. Emerging economies are sustaining the pace of growth, but cannot assume the role of global powerhouses unaided.
我們正生活在動蕩時代。始自2008年的金融危機并未結束——特別是在發達經濟體。由于經濟增長依然疲弱,這些國家一直在采取極具擴張性的貨幣政策,而不是更為均衡地結合使用貨幣與財政刺激手段。新興經濟體仍在保持增長步伐,但無法獨力擔當驅動全球經濟增長的重任。
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