It is worth noting that the Japanese checked each of these boxes over the last two decades: They held interest rates low, introduced quantitative easing, and launched massive debt-financed spending on infrastructure. Few would argue that Japan has recovered fully from its malaise.
而这一政策建议的效果仍然没有显现。值得注意的是，日本人在过去二十年中把这一政策建议的内容试了个遍：他们把利率维持在低位、引入量化宽松，还启动了大量债务融资的基础设施支出。但没有人可以说日本已经从萎靡不振中完全复苏了。