衰退并没有像许多人担心的那样惨烈,然而它的余波可能要比多数人预想的更危险。今年成为所谓的“大衰退”的年份,这一年中全球经济遭受了自二战以来最深重的衰退。但同样地,它可能还有一个恰当的名称,即“大平稳”。这是因为2009年的极端特殊性不仅在于产出是怎么下降的,还在于灾难是如何被化解的。 The recession is not as tragic as many fear, but its aftermath may be more dangerous than many would have expected. This year has become the so-called “Great Recession” year, during which the global economy suffered its deepest decline since World War II. But again, it might have an appropriate name, “big smooth”. This is because the extreme peculiarity of 2009 lies not only in how output has declined, but also in how the disaster has been resolved.