特别是过去十年里,央行是否就是使失业与通胀之间替代关系大行其道的原因呢?
In particular, are central Banks responsible for the favourable trade-off between unemployment and inflation over the last ten years?
物价稳定和充分就业是宏观经济政策追求的重要目标,然而,失业与通胀问题困扰着各国宏观经济决策者。
Price stability and full employment are both important objectives of macroeconomic policy. However, problems of unemployment and inflation troubled macro-economic policy-makers around the world.
一方面是严肃的人们,他们认为,面对失业率升高与通胀率降低我们应该提高利率,因为,嗯,这是严肃的人们的做法。
On one side there are serious people - people who believe that we should raise interest rates in the face of high unemployment and falling inflation, because, well, that's what serious people do.
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