The principal high-income economies – the US, the eurozone, Japan and the UK – have been suffering from “chronic demand deficiency syndrome”. More precisely, their private sectors have failed to spend enough to bring output close to its potential without the inducements of ultra-aggressive monetary policies, large fiscal deficits, or both. Demand deficiency syndrome has afflicted Japan since the early 1990s and the other economies since 2008 at the latest. What is to be done about it? To answer, you have to understand the ailment.
美国、欧元区、日本和英国这些主要的高收入manbetx20客户端下载 体患上了“慢性需求不足综合征”。更准确地说，如果没有极度激进的货币政策、巨额财政赤字或者两者兼有的刺激，这些国家的私人部门就无法产生足够支出，从而让产出接近潜在水平。日本自上世纪90年代初以来、其他manbetx20客户端下载 体最晚从2008年起都深受需求不足的困扰。对此怎么办？要回答这个问题，你必须先了解“病情”。
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