They have too readily assumed that central banks can make at least short-term nominal interest rates what they like and have concentrated on esoteric exercises on the path they should follow.
他们过于轻易地就假定，央行至少能将短期利率维持在自己乐见的水平，并在他们应走的路线上进行秘密操作。
If nominal GDP fell below the target growth rate in one year, central Banks would seek to make up for that in subsequent years - in effect, following a path for overall nominal spending.
当NGDP在某年低于目标增长率时，中央银行会在接下来数年想法弥补：实际上就是通过控制名义支出以达到目标。
If nominal GDP fell below the target growth rate in one year, central Banks would seek to make up for that in subsequent years - in effect, following a path for overall nominal spending.
当NGDP在某年低于目标增长率时，中央银行会在接下来数年想法弥补：实际上就是通过控制名义支出以达到目标。
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