查询词典 deflation policy

In the third quarter of this year, monetary policy implementation report, the central bank said "monetary policy to prevent deflation in the near future, in the long term to prevent inflation."

在今年第三季度货币政策执行报告中，央行表示，"货币政策，防止通货紧缩，在不久的将来从长远来看，防止通货膨胀。"

Financial crisis ; debt deflation ; monetary policy ; fiscal policy

金融危机；债务型通货紧缩；货币政策；财政政策

By contrast, in a depression caused by falling asset prices, a credit crunch and deflation, conventional monetary policy is much less potent than fiscal policy.

相反，传统的货币政策对由资产价格下跌、信贷萎缩和通货紧缩而引发的大萧条的作用不敌财政政策。

In the paper the monetary policy ineffectiveness proposition can"t repudiate the effectiveness of the China"s monetary policy under deflation because of the imperfect markets and the information asymmetry.

本文认为，由于市场的非完全性、信息的不对称性，货币政策无效命题否定不了通货紧缩下我国货币政策的效力。

In period of deflation, should the monetary policy accord with the one in period of inflation? So the question is whether improper monetary policy would prompt the emergence of bubble and thus cause crumbling effect to economy.

特别是针对我国，股票市场正处于发展阶段，规模相对较小，较易受到资金冲击从而形成泡沫经济，不适当的货币政策会促进泡沫的产生进而对经济产生崩溃性影响。

Monetary policy target through using its economic data of different periods in the history, the paper further proves that Feds monetary policy target is effective in curbing inflation, avoiding deflation arising from monetary policy, and facilitating the economic growth.

最后，本文分析和论证美联储组织制度、监管体制和两级银行建制对中国人民银行组织制度改革以及中小金融机构管理建制的借鉴意义。

In Japan, following the collapse of the bubbles, the government reduces the rate forwardly, then the economy fall into the state of low inflation rate and low interest rate. Being afraid of inflation, the Bank of Japan is reluctant to further relax the monetary policy leading to the economy reviving very crisp. Under the external impact, the economy fall into the deflation, and the rate policy loses its effectiveness.

日本则是在泡沫经济崩溃后，政府为了促进经济增长，主动降低利率，进而使经济进入了低通胀低利率状态，但由于日本央行害怕通货膨胀，不愿意进一步放松货币政策，导致日本经济的复苏非常脆弱，在外部经济的冲击下，经济进入了通货紧缩状态，利率政策失效。

Monetary easing--even unorthodox--is like pushing on a string when （1） the problems of the economy are of insolvency/credit rather than just illiquidity;（2） there is a global glut of capacity （housing, autos and consumer durables and massive excess capacity, because of years of overinvestment by China, Asia and other emerging markets）, while strapped firms and households don't react to lower interest rates, as it takes years to work out this glut;（3） deflation keeps real policy rates high and rising while nominal policy rates are close to zero; and （4） high yield spreads are still 2,000 basis points relative to safe Treasuries in spite of zero policy rates.

因为目前存在四方面问题：（1）金融层面的问题不仅是流动性不足，还在于资不抵债；（2）由于中国、亚洲及其他新兴市场持续多年的过剩投资，在住房、汽车、耐用消费品等领域形成了庞大的全球性产能过剩；（3）尽管名义政策利率已接近零点，但通缩却使得实际政策利率居高不下，甚至继续上升；（4）尽管政策利率接近零点，但高风险的高收益证券与安全的美国国债之间的利差仍高达2000个基点。

This became a new factor obstructing economic growth. To emerge from this situation the government took steps to expand domestic demand and turned determinately from a moderately contractive monetary and fiscal policy to an active fiscal policy and a steady monetary policy. During 1998—2002 these policies were carried out with satisfactory results. Through the above two occasions of macro-economic adjustment and co-ordination, we accumulated useful experiences not only in combating inflation and in soft-landing, but also in acquiring a new understanding on how to expand domestic demand and deal with deflation.

以实现经济"软着陆"为主旨的1993-1996年的宏观调控，从整顿金融秩序入手，以适度从紧的货币政策为主，配合以相应的财政政策，辅之以必要的行政法律手段和组织措施，终于成功地避免了以往调控后出现的经济大起大落现象，在保持经济稳定增长的同时，有效地抑制了通货膨胀，实现了高增长、低通胀的"软着陆"目标。

By reviewing Chinese economic developing process from 1997 to the present, the cause of the transformation of Chinese economy from deflation to inflation and even the alternation and simultaneousness of the two phenomenon in short-term which made Chinese economy can not develop healthily and quickly will be unveiled. In this article I also will bring forward some countermeasures that would overcome the instability of Chinese economic development from the views of the industrial development, the regional development, the monetary policy and the fiscal policy.

本文通过对1997年至今这段时期我国经济发展历程的回顾，指出了造成我国经济发展从通货紧缩到通货膨胀甚至短期交替、共存，不能保持健康快速发展的原因，并从产业发展，区域发展，货币政策及财政政策方面对如何克服经济发展不稳定进行了对策探讨。

At the rear was an innovative combination transaxle with the gearbox, clutch, differential, and inboard-mounted drum brakes.

在后面是与变速箱，离合器，差的创新结合变速，和内侧安装鼓式制动器。

For more people can apprecaite and have the master work, there is reproduction painting appears in the market, the large various selection of paint,the high saturation of color plus the plentiful sfumato, to make the reproduction perfect copy and detail as original painting, so as to meet the requirment of amateurs who love art paintings,they do not need to pay high price to get classical paintings.

颜料色域广，色彩饱和度高，色彩层次丰富，图像色彩还原真实，能完美的复制原作，满足艺术爱好者欣赏，艺术爱好者们不用支付昂贵的价格就能拥有经典油画。