摘要：It will be some years before the global economy recovers from the crisis that engulfed global financial markets in the course of 2008. 2Unemployment in the eurozone and the US is close to 10 per cent, and there is little to suggest that the situation is going to improve rapidly. The effort to stave off total economic collapse has left governments burdened with massive debt that will take years of painful effort to work off.In one respect, though, recovery seems almost complete. The economics profession, which was briefly shamefaced by the failure to predict the crisis, or to reach any general agreement on its causes and the appropriate policy response, seems to have recovered its self-esteem. Quite a few economists seem ready to dismiss the entire crisis as a 'transitory volatility blip' (Coibion and Gorodnichenko 2010).
