Hence the analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rear-view mirror and a faulty steering wheel.
因此,有人将货币政策的实施比作驾驶一辆挡风玻璃变黑、后视镜破裂、方向盘失灵的汽车。
2
Hence the analogy that likens the conduct of monetary policy to driving a car with a blackened windscreen, a cracked rear-view mirror and a faulty steering wheel.
因此,有人将货币政策的实施比作驾驶一辆挡风玻璃变黑、后视镜破裂、方向盘失灵的汽车。
3
Yet this assumes the future will be a continuation of the past — like steering a car by looking in the rear-view mirror.