Debates persist in the US and eurozone about growth and job creation versus fiscal discipline. This false choice diverts fiscal focus away from a balanced approach that could achieve both imperatives. Such false choices also contribute to the failure of our political systems to better address continuing hardship through advancing growth and employment, and through programmes such as the unemployment insurance extension. Moreover, that political failure has also contributed to central bank decisions to employ unconventional monetary policies that create widely under-appreciated risks.
在美國和歐元區，促增長以及創就業與財政紀律孰輕孰重的辯論仍在繼續。這是種“虛假選擇”，使財政焦點偏離了本可一舉兩得的均衡手段。此類虛假選擇還促使我們的政治體系無法通過促進增長和就業、以及延長失業保險等計劃，來更好地化解失業者持續的生活困難。此外，這種政治上的失敗也促使央行決定采用非傳統貨幣政策，此類政策帶來的風險被普遍低估。