Why are central banks finding their job so hard to do? A common view is that this is because they are imbeciles. People who assert this insist that central banks need to keep interest rates in line with their historic norms. This is wrong, because historic norms are irrelevant. The questions are why and what this implies for our economies.
为什么现在央行的工作如此难做？人们普遍认为这是因为央行无能。持这种观点的人坚持认为，央行需要让利率合乎历史常态。这是错误的，因为历史常态无关紧要。问题在于，为什么会出现现在的情况？这对我们的manbetx20客户端下载 意味着什么？
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