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
can be generated out of the behavior of speculative participants

将会从那些金融市场中的
in financial markets who respond perversely,

投机参与者的行为中被发现出来
from an economist's point of view,

从经济学家的角度来看
to price signals,

他们对价格信号反应固执
is a highly plausible one.

这种就是比较可信的情况
Tomorrow, I hope to illustrate that these broad ideas

明天我希望举例说明这些宽泛的概念
have connection with the current financial crisis that we face

和我们当前面对的金融危机之间的联系