Nevertheless, in the short run, very aggressive monetary and fiscal policy actions – both traditional and non-traditional – must be undertaken to ensure that the inevitable stag-deflation of 2009 does not persist into 2010 and beyond. So far, the US response appears to be more aggressive than that of the euro zone, as the European Central Bank falls behind the curve on interest rates and the EU’s fiscal stance remains weak.
不过，短期内必须执行非常强硬的货币和财政政策（传统的和非传统的），从而确保滞缩不会延续到2010年及其之后，虽然2009年已经无法避免这次滞缩。到目前为止，美国的反应看上去比欧元区更强硬，因为欧洲央行在利率曲线上已经落后，而欧盟的金融立场依然比较软弱。