厌恶损失的主权财富基金、把钱存在美国和欧洲的新兴市场富豪以及寻求确保行动自由的政府持续性地拉低了充分繁荣利率，延长了冲击消散所需要的时间。
Loss-adverse sovereign wealth funds, emerging-market millionaires parking their money in the US and Europe, and governments seeking to ensure freedom of action have pushed full-prosperity interest rates down substantially and extended the time it takes for shocks to dissipate.