CAMBRIDGE – How should one understand the disconnect between the new highs reached by global equity indices and the new depths plumbed by real interest rates worldwide? Several competing explanations attempt to reconcile these trends, and getting it right is essential for calibrating monetary and fiscal policy appropriately.
坎布里奇——人们应当如何看待全球股指迭创新高和实际利率屡创新低间的脱节关系？几种截然不同的解释试图理顺上述趋势关系，而且只有把握原因才能精确调整货币和财政政策。