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得益于所谓的“大温和”,中央银行的声誉在世纪之交前后达到了高峰。低水平和稳定的通货膨胀,持续增长和高就业水平让许多人觉得中央银行犹如某种宇宙主宰,能够(并被认定)为所有人的福祉而管理经济。那种将美国联邦储备委员会主席格林斯潘(Alan Greenspan)尊为“大师”的描述正是体现了这种观念。


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  1. lhatheway8_Spencer PlattGetty Images_stockmarketcoronavirus Spencer Platt/Getty Images

    A COVID-19 Emergency Response Plan

    Larry Hatheway

    The rapid escalation of the COVID-19 crisis may be setting the stage for a global recession. Economic policymakers have no time to waste in preparing a response – preferably one that makes full use of low and falling bond yields, below-target inflation, and the lessons of the last recession.

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    The West’s Final Countdown?

    Joschka Fischer

    With the US presidential election approaching, no one can say they didn't foresee the possibility of Donald Trump winning a second term – an event that would pose an existential threat to the very idea of "the West." So why are European leaders spending their time squabbling over agriculture subsidies?


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