that the macroeconomics of the next generation will be

下一代的宏观经济学将会比
much more about finance and financial crisis

写入我们教科书的这代宏观经济学
than the macroeconomics of the generations that shaped our textbooks;

更关注金融和金融危机
that the social gains from preventing and containing financial crises

预防和控制金融的危机所带来的社会收益
are likely to be significant.

有可能是相当巨大的
And offer the prospect of achieving the deep-seated goal

也为每个信奉凯恩斯主义的宏观经济学家
of every Keynesian macroeconomist:

提供了一个实现深层目标的前景
reducing the average output gap over a long period of time

在一段相当长的时期内减少平均产出缺口
and thereby producing more total output.

从而创造出更多的总输出
That a realistic theory of financial crisis has to be based on something

这个现实的金融危机理论需要基于一些理论
other than the idea that the market is efficient.

而非有效市场理论
And that the notion that bank run-like behavior

这种类似的银行挤兑行为