Besides, on closer inspection, the emerging-market explanation, though convenient, is not quite as compelling as it might seem. Emerging economies are growing much faster than the advanced countries, which neoclassical growth models suggest should push global interest rates up, not down.
此外，更细致地观察就会发现，新兴市场解释尽管很方便，但并不像看起来那样令人信服。新兴经济体比发达国家增长更快，在新古典增长模型看来，这应该推高而不是压低全球利率。