来自《耶鲁大学开放课程：金融市场 第25集 第25集》
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I'm going to commit about four-observation econometrics我只进行四次观测 -
and offer the hypothesis that the right way就能提出一个假设 -
to understand this pattern is that we achieved--之所以这种模型能够得到理解是因为我们 -
that Art's generation and then Paul Volcker--是因为亚特那一代人以及后来的保罗·沃尔克 -
achieved a hugely important thing.取得了一项非常重要的研究成果 -
They achieved a measure of credibility and commitment他们得到了一种可靠 有保证的方法 -
to non-inflationary monetary policies来测度无通货膨胀倾向的货币政策 -
that enabled inflation expectations to be kept in check.使得通胀预期可以得到控制 -
That, just as success in curing infectious disease但就如同在治疗传染病上的成功 -
leads there to be far more cancer导致了比传染病得到控制住之前 -
than there was before infectious disease was brought in check,还要多的癌症 -
so too the achievement of disinflation leads to an economy所以在寻求控制通胀中取得的成就也导致了