While measures adapted in the depths of the crisis – massive fiscal and monetary stimuli – were effective in placing a bottom under the free-fall, they have been ineffective in sparking meaningful recovery. That should hardly be surprising in an era of balance-sheet repair.
怎么办？危机高峰时所采取的措施——大规模财政和货币刺激——有助于让自由落体平稳着陆，但对于刺激有意义的复苏就不太灵光了。在修复资产负债表的时代，这一点都不令人奇怪。