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We know next to nothing about the effectiveness of the alternative policies that central banks are forced to adopt if they don't just want to sit on their hand once the hit the zero lower bound: quantitative easing and credit easing, relaxing the collateral requirements for central bank lending etc.

如果一旦逼近零利率的边界,央行不想仅仅表示不赞成,他们会被迫采用其他的政策,譬如:增加货币量、放松信贷、降低向央行借贷的抵押要求、等等。对这些政策的效果,我们几乎一无所知。

One method to analyze bounded variable of this paper is "The Bounded Unit Root" which provided by Cavaliere (2005), and the other is using Gibbs sampling simulation and trying to recover the part of hidden variables. We would examin some empirical problems that has often been tackled in the literature and we give three time series which include Danish kron/Deutshe mark, Belgium Franc/ Deutshe mark, and Japan 1 mouth interbank interest rate for examples.

本文利用Cavaliere (2005)所提出的限制下单根检定与Gibbs sampling将潜在变数还原的方法,探讨当资料受到限制时的单根检定问题,并以丹麦克朗与比利时法郎兑德国马克的双边汇率以及日本同业间一个月期拆款利率为例,比较其与传统单根检定的结果有何异同。

A vain effort to defend Sweden's currency, the krona, caused overnight interest rates to spike at one point to 500 percent.

捍卫瑞典货币克朗的努力是徒劳的,隔夜利率从5%猛增到500%。

It also shows how rates might be affected by lower inflation, a stronger economy or a weaker krone than expected.

该报告还说明了通胀率高于预期、经济增长高于预期或挪威克朗币值低于预期等情况可能会对利率产生怎样的影响。

Denmark was forced to use high interest rates to defend its currency, the krone, against speculative attack.

丹麦被迫以高利率捍卫其通货克朗,以对付投机客狙击。

Denmark's central bank raised its key interest rate to 5% from 4.6% Tuesday to support the Danish krone, which is pegged to the euro.

丹麦央行周二将基准利率从4.6%上调至5%,以支撑与美元挂钩的丹麦克朗。

Currencies with the highest domestic interest rates are faring the best, namely Australian and New Zealand dollar and also the Norwegian Krone.

货币市场依然推动套利交易,具有最高利率的澳元,新西兰元以及挪威克朗最为坚挺。

Moreover, official commentary has again issued direct calls for a softer currency; Prime Minister Bondevik asserted that the 2004 budget will be directed not only at "low interest rates" but also a "weaker krone."

而且,官方的评论也再次直接地发出让货币更加疲软的呼吁。首相邦德维克宣称,在做2004年财政预算的时候,挪威将不仅处于低利率的水平,而且克朗也的币值也将降低。

Lacker, who will vote on the rate-setting Federal Open Market Committee next year, said rising public

将在明年的联邦公开市场委员会上对利率制定上享有投票权的Lacker 说,不断攀升的公众对通货膨胀

This is thanks in part to Jeffrey Lacker, the president of the Richmond Federal Reserve, who will be a voting member of the Fed's rate-setting body next year.

这都多亏了美国里奇蒙联储总裁拉克尔。拉克尔是美国里奇蒙联储总裁,明年他将成为美联储利率设定机构的成员。

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Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来,英国,在此地早期居住的是凯尔特人,已经被征服了三次。

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