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直面财政魔鬼

伯克利—世界经济显然正在萎缩,本该成为世界经济守护神的决策者正在黔驴技穷。或者说上个月底的上海G-20峰会的结果表明了这一点。

国际货币基金组织(IMF)刚刚降低了其全球增长预测,警告与会的G-20代表未来还可能继续降低预测。尽管如此,会议只产生了一份不痛不痒的声明,呼吁采取结构改革,避免以邻为壑政策。

货币政策再一次成为唯一的选择——这已经是老生常谈了。在过去八年的大部分时间里,中央银行一直保持利率低位。它们尝试了量化宽松。最近它们又将真实利率降低到了负区间。

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