考研英语一真题手译阅读1997-Text5
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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
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