If the unprecedented monetary and fiscal stimulus works, output gaps will eventually close.

如果这空前的货币和财政刺激起作用的话，产出缺口会最终消失。

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The IMF may be right about prices but policymakers would be wrong to leave the monetary taps on full bore based on the flaky concept of output gaps alone .

IMF关于物价的预测或许是对的，但如果政策制定者单纯依据单薄的产出缺口概念，就把货币龙头拧到最大，那将是错误的。

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"For as well as being cautious about choking off any fledgling recovery, policymakers will have to bear in mind the huge output gaps that have developed," he said.

“因为除了悉心呵护刚刚露头的复苏之外，政策制定者们还将不得不考虑已经产生的巨大产出缺口，”他表示。

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Cumulative output gaps across the rich world now run into the trillions of dollars.

ECONOMIST: Quantitative easing: QE, or not QE? | The

If the unprecedented monetary and fiscal stimulus works, output gaps will eventually close.

ECONOMIST: Economics focus