考研英语一真题手译阅读1997-Text5

  • 格式:pdf
  • 大小:161.65 KB
  • 文档页数:4

1997-1Text51-Muchofthelanguageusedtodescribemonetarypolicy,suchas“steeringtheeconomytoasoftlanding”or“atouchonthebrakes,”makesitsoundlikeaprecisescience.

Nothingcouldbefurtherfromthetruth.Thelinkbetweeninterestratesandinflationisuncertain.Andtherearelong,variablelagsbeforepolicychangeshaveanyeffectontheeconomy.

Hencetheanalogythatlikenstheconductofmonetarypolicytodrivingacarwithablackenedwindscreen,acrackedrear-viewmirrorandafaultysteeringwheel.

2-Givenallthesedisadvantages,centralbankersseemtohavehadmuchtoboastaboutoflate.

Averageinflationinthebigsevenindustrialeconomiesfelltoamere2.3%lastyear,closetoitslowestlevelin30years,beforerisingslightlyto2.5%thisJuly.百度官方认证店铺:考研资料

分享考研资料,助力考研成功!