查询词典 monetary

Owning to strengthening of national macro-regulation, monetary deflation and the tightening policy of the central bank, real estate industry has changed its way of financing from bank-loan-oriented only into diversified varieties.

把中文译成英文！生活小百科网：房地产业作为一个资金密集型的行业，对金融有很强的依赖性。国家宏观调控的强化，银根的紧缩和央行房地产信贷政策收紧，推动我国房地产融资从主要依靠银行贷款向融资渠道多元化的发展。

Especially, since 1997, the central bank has adopted series of active monetary policy to control deflation, increase investment and consumption in order to make macro economy prosperous.

特别是自1997年以来，为了抑制通货紧缩、启动投资和消费，使宏观经济运行尽快进入景气状态，中央银行实施了积极的货币政策，如连续八次降低存款准备金率、灵活出台窗口指导政策、扩大再贴现和中央银行再贷款规模等。

September 15, Lehman Brothers filed for bankruptcy protection, sub-loan crisis of mutation into a financial tsunami, inflation may be reversed to deflation, the monetary policy shift, therefore, capital growth has become top priority.

9月15日，雷曼兄弟申请破产保护，次贷危机突变成金融海啸，通货膨胀可能逆转为通货紧缩，货币政策因此转向，保增长成为首要任务。

The goal of anti deflation can not be reached by unilaterally expanding money circulation,but should be based on the adjustment of monetary structure.Curing deflation by inflationary policy may cause stagflation Salary increase to civil servants can not bring up the income of...

作者的结论是："积极的财政政策"、"适当的货币政策"，这样的概括和称谓不科学；反通货紧缩用货币量的单纯扩张不能解决问题，重点应当放在调整货币分布结构上；"搞点通货膨胀"的政策建议不可取，用通胀治通缩的结果很可能是滞胀；公职人员加薪不能带动其他社会成员增收，其它社会群体增加收入要从他们所处的现实经济关系中去寻找。

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。

The main conclusions in the paper are as follows:(1) Deflation is a monetary phenomenon.

其主要结论如下：(1)通货紧缩本质上是一种货币现象。

The experience of other countries shows that traditional monetary policy can lose its effectiveness under a deflationary environment.

其他国家的经验表明，传统的货币政策在通货紧缩的环境下失去效用。

An analysis of monetary conditions and financial flows can provide at least a useful complement to now defunct models.

对货币状况和资金流动进行分析，至少可以为这些已经失效的模型提供一个有益补充。

But we should not delude ourselves into thinking that monetary policy can save the world.

但我们不能自欺欺人，以为货币政策能够拯救世界。

Smoking cigarettes adds to the Computer Desk Computer manufacturer computer mouse Computer Computerized collar knitter machine Conduit Bodies construction board Container Bag Control Arm Cooking Thermometer general levels of air pollution as well as damaging our health.

吸烟不仅对健康有害，而且增加空气污染程度。香烟雾含有多种有害物质：不仅有致癌化学物质、有某种能阻止氧气进入血液的气体，还有引起血压增高、心速加快的被称为尼古丁的物质。

He is one of my favorite actors.

他是我最喜欢的男演员之一。