Skip to main content

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated Cookie policy, Privacy policy and Terms & Conditions

wallstreet Bloomberg | Getty Images

负利率有什么问题?

纽约—1月初我写道,今年的经济条件和2015年一样疲软,为2008年全球金融危机爆发以来最糟糕的一年。此外,如过去十年中反复发生的,今年过去几个月后,其他人较为乐观的预测纷纷向下修正。

基本问题——这一问题自金融危机以来一直困扰着全球经济,但略有恶化——是全球总需求不足。目前,欧洲央行的反应是实施刺激措施,加入了日本银行和其他 一些央行的行列,证明“零下限”——利率无法为负——只是传统经济学家想象中的极限。

但是,在尝试负利率的非正统实验的经济体中,没有一个回归增长和充分就业。一些经济体的结果出人意料:某些贷款利率实际有所上升。

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

https://prosyn.org/2PkFotbzh;
  1. op_dervis1_Mikhail SvetlovGetty Images_PutinXiJinpingshakehands Mikhail Svetlov/Getty Images

    Cronies Everywhere

    Kemal Derviş

    Three recent books demonstrate that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

    7