We may, as I argued last month in the Financial Times, be in a period of “secular stagnation” in which sluggish growth and output, and employment levels well below potential, might coincide for some time to come with problematically low real interest rates.
正如我上個月在《金融時報》(Financial Times)撰文指出的那樣，我們現在或許處于“長期停滯”時期——經濟增長疲軟、產值低迷以及就業率遠低于潛在水平，也許會跟成問題的低實際利率共存一段時間。
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