They have too readily assumed that central banks can make at least short-term nominal interest rates what they like and have concentrated on esoteric exercises on the path they should follow.
他们过于轻易地就假定，央行至少能将短期利率维持在自己乐见的水平，并在他们应走的路线上进行秘密操作。
2
If nominal GDP fell below the target growth rate in one year, central Banks would seek to make up for that in subsequent years - in effect, following a path for overall nominal spending.