But fear not, claim advocates of unconventional monetary policy. What central banks cannot achieve with traditional tools can now be accomplished through the circuitous channels of wealth effects in asset markets or with the competitive edge gained from currency depreciation.
但是不要慌张，非常规货币政策鼓吹者宣称。央行无法用常规工具实现的目标现在可以通过资产市场财富效应的迂回渠道或来自货币贬值的竞争优势实现。