迷失的利率

伯克利—世界最重要的两大经济机构——国际货币基金组织(IMF)和前美国财政部张拉里·萨默斯(Larry Summers)最近警告说,全球经济可能面临延长低利率期的局面。为什么这是件坏事?我们又可以对此做些什么?

经通胀调整后,利率已经下降了三十年,当前的低水平刺激投资者追寻收益率,冒了过多的风险。低利率还还束缚了央行在经济减速时采取货币扩张的空间,因为名义利率不能降到零以下。这些都是经济状况不佳的症候。

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