When I joined the People’s Bank of China’s Monetary Policy Committee in April 2010, I knew I was unprepared, despite teaching economics for nearly 20 years in the US and Hong Kong. In fact, few people could have been prepared: China has a large and mixed economy and its institutions are still young. The financial crisis made my task harder still, since it exposed the deficiencies in traditional macroeconomic theories.
我在2010年4月加入manbetx3.0 人民银行货币政策委员会时,知道自己准备不足,尽管我已经在美国和香港教授manbetx20客户端下载 学近20年。实际上,极少有人能做好准备:manbetx3.0 manbetx20客户端下载 规模巨大、情况复杂,各项制度也还处在起步阶段。金融危机让我的任务更加困难,因为它暴露了传统宏观manbetx20客户端下载 理论的缺陷。
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