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综合英语.西方思想经典选读_常俊跃 黄滔(TextBTheFinancialandMacroeconomicCrisisof2008andBeyond) 第(1/6)页

Pre-reading

(1955- ) isanAmericaneconomistandentrepreneur, .S.inphysicsin1977andaPh.D.ineconomicsin1983, , theUniversityofChicago, ’, focusinghisenergyonhis2001start-upcompanyAplia, whichwaspurchasedin2007byCengageLearning.

Romer’smostimportantworkisinthefieldofeconomicgrowth.Hisarticlespublishedin1986and1990amountedtoconstructingmathematicalrepresentationsofeconomiesinwhichtechnologicalchangeistheresultoftheintentionalactionsofpeople, .

ThefollowingpassageistheepiloguefromthelatestAdvancedMacroeconomics.

PromptsforYourReading

1.Doyouknowanythingaboutthe2008financialcrisis, orthefinancialtsunami? Ifnot, readsomethingaboutthiscrisisbeforeyoustartreadingthepassage.

? Whatarehismainachievements?

? Whyorwhynot?

?

“theeventsofthepastfewyearswereaprofoundshocknotjusttothemacro-economy, butalsotothefieldofmacroeconomics.” Canyoufinddetailssupportingthisclaiminthepassage?

?

, andparticularlyimportant, timeformacroeconomics? Whatdoyouthinkaboutthedevelopmentofmacroeconomics?

? Workoutanideaflowcharttoillustratetrainofthoughtinthispassage.

?

[1] , bothofthemmild.Theunemploymentrateneverexceeded8percent, andtherewereonlyfivequartersinwhichrealGDPfell.

[2] , , , theyrepeatedlypursuedpoliciesthatcausedinflationtorise, theninducedrecessionstoreduceit.Withthetriumphofthenaturalratehypothesis3, generalagreementonrealisticestimatesofthenaturalrate, andtheemergenceofaconsensusthatinflationshouldbekeptlow, thisboom-bustcycledisappeared.


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