美元和已经造成的伤害

伯克利—很多人指责美联储造成了最近的新兴市场大动荡。但美联储是否只是随手抓到的替罪羊?

指责美联储为当今全球经济问题负责比指责中国的长期减速(反映了中国官员值得赞赏的实现经济再平衡的努力)更容易。类似地,尽管日本的“安倍经济学”让日元贬值从而复杂化了邻国的决策,但也是一项为了结束长期存在通缩的值得赞赏的措施。因此,同样是指责美联储更容易。

此外,对受影响的新兴经济体来说,指责美联储逐渐退出其大规模月度长期资产购买计划——即所谓的量化宽松(QE)——显然比指责它们自身没能加快经济改革更容易。

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