Fifth, while the ZLB may be (approximately) a genuine constraint under present institutional arrangements, these arrangements are not immutable.
第五，当零利率债券成为现在制度安排的实际约束时，这些制度安排并非一成不变的。
Fifth, while the ZLB may be (approximately) a genuine constraint under present institutional arrangements, these arrangements are not immutable.
第五，当零利率债券成为现在制度安排的实际约束时，这些制度安排并非一成不变的。
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