BERKELEY – For the past 25 years, a debate has raged among some of the world’s leading economists. At issue has been whether the nature of the business cycle underwent a fundamental change after the end of the “30 glorious years” that followed World War II, when the economy was characterized by rapid growth, full employment, and a bias toward moderate inflation.
伯克利—过去25年来，世界最顶尖经济学家中间起了一场激烈的争论。争论的问题是商业周期的性质是否随着二战结束后的“辉煌30年”的结束而发生了根本性转变。在这30年终，经济增长迅速、就业充分，并且通胀十分温和。经济学家的观点可以分为三派。