“在衰退期间和衰退之后，老一代受到的冲击更大，弥补损失的时间较少。” 他解释道。

“During the recession and afterward, older generations have been more impacted and have less time to make up for losses, ” he explains.

youdao

第三个方案是较为根本的措施，即将希腊债务转型，这对希腊银行将造成巨大冲击。 因为所带来的损失会立刻显现。

A more radical third option, a “haircut” on the value of Greek debt, would have a significant impact on Greek banks because losses would have to be recognised immediately.

youdao

但很明显，一旦名义利率下降到零美联储会受约束，因此经济恢复到趋趋向增长率，但不会在金融冲击下恢复所受损失。

But obviously the Fed is constrained once nominal rates hit zero, and so the economy returns to its trend growth rate but never recovers the ground lost during the financial shock.

youdao

If something really hits you hard and you would be starving, that would be really bad.

如果你因遭遇某种巨大冲击,承受巨大损失以致于不得不挨饿，那就太糟糕了。

耶鲁公开课 - 金融市场课程节选