

Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
伦敦——2019冠状病毒病危机和衰退提供了一个让我们重新思考政府作用的机会,特别是政府与企业的关系的特殊机会。人们一直信奉的政府是市场经济负担的假设已经被揭穿。重新认识到政府还是传统的“第一出资人”,而不是最后的放款人,已成为后疫情时代有效决策的先决条件。
所幸,公共投资已经回升。美国已经采取了3万亿美元的经济刺激和救助计划,欧盟则推出了7500亿欧元(8500亿美元)的复苏计划,日本也为家庭和企业增加提供了1万亿美元的援助。
然而,为了让投资能够创造出更健康、更有弹性和生产力的经济,光有资金是不够的。各国政府还必须恢复设计、实施和执行对受援国附加条件的能力,让私营部门以更有利于包容且可持续增长的方式运作。
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