Ronald McKinnon*, professor of international economics at Stanford University, recently made a convincing case for a moderate increase in US interest rates.

斯坦福大学(Stanford University)国际经济学教授罗纳德•麦金农(Ronald McKinnon)*最近就进行了令人信服的论证，称美国应当小幅加息。

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Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.

麦金农的负风险溢价理论说明，在流动性陷阱的情况下，日本银行业很难赢利。

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Others, such as Ronald McKinnon of Stanford University, think that American profligacy has trapped East Asia into running current-account surpluses.

ECONOMIST: Economics focus