While this approach has succeeded in boosting financial markets, it has failed to cure bruised and battered developed economies, which remain mired in subpar recoveries and plagued with deflationary risks. Moreover, the longer central banks promote financial-market froth, the more dependent their economies become on these precarious markets and the weaker the incentives for politicians and fiscal authorities to address the need for balance-sheet repair and structural reform.
这一方针成功地提振了金融市场，但并未治愈伤痕累累的发达经济体，它们仍困于复苏萎靡和通缩风险。此外，央行鼓吹金融市场泡沫越久，经济对这些危险的市场的依赖程度就越大，政客和财政当局满足资产负债表修正和结构改革的需要的激励就越弱。