This explanation may seem even more paradoxical than the first, but the logic is straightforward: Governments often try to escape the hard task of improving economic efficiency through supply-side reforms and rely on demand-side fixes instead. So, when confronted with a growth slowdown caused by structural factors, many countries responded by lowering interest rates and stimulating credit.
这一解释看上去比第一个解释还要矛盾，但逻辑很清楚：政府常常试图摆脱通过供给端改革改善经济效率的艰巨任务，而依靠供给端措施。因此，当面临因结构性因素引起的增长减速时，许多国家的应对措施时降低利率和刺激信用。