Consumers will be spending less in 2013, owing to higher taxes, as will government, which means that someone has to be spending more. Housing construction and exports are the obvious candidates, and both can be boosted somewhat by more aggressive balance-sheet operations by the Fed, together with promises of continued low nominal interest rates and higher inflation in the medium term.
其次，美联储应扩大其量化宽松政策和前瞻性的指导方案。2013年消费者和政府将因为税收提高而紧缩开支，这也意味着有些领域需要多花钱。住宅建设和出口是显而易见的候选领域，美联储对资产负债表的积极运作，加之中期维持低名义利率和高通胀的承诺将在一定程度上刺激上述两个领域的复苏。