In any case, the success of monetary policy is difficult to deny. As the deflation gap narrows, however, the overall impact of monetary policy will weaken, as it increasingly influences prices more than output.
无论如何，你很难否认货币政策的成功。但是，随着通缩缺口的收窄货币政策的总体影响会下降，因为其对价格而非产出的影响更大。