Despite the abject failure of Japan’s approach, the rest of the world remains committed to using monetary policy to cure structural ailments. The die was cast in the form of a seminal 2002 paper by US Federal Reserve staff economists, which became the blueprint for America’s macroeconomic stabilization policy under Fed Chairs Alan Greenspan and Ben Bernanke.
尽管日本的方针是一场彻头彻尾的失败，但世界其他国家仍铁心要用货币政策解决结构性问题。美联储专职经济学家的一份2002年的讨论论文奠定了这一方针的基础，该论文也成为美联储主席艾伦·格林斯潘（Alan Greenspan）和本·伯南克（Ben Bernanke）治下美国宏观经济稳定政策的蓝图。