他们不是按照传统根据产出缺口来推测通货膨胀率,而是反过来:从通货膨胀的走势来推测产出缺口。
Rather than follow the conventional route of deriving an inflation forecast from an estimate of potential output, they do the opposite: they infer the output gap from the behaviour of inflation.
1981- 83年一个类似水平的产出缺口(7%左右)引起通货膨胀率下降了6个百分点。
A comparable gap in 1981-83 produced a drop in core inflation of six percentage points.
即使通货膨胀率下降到0到1.5%的水平,相比cbo估测的产出缺口也是非常小的。
Even if inflation were to fall to between zero and 1.5%, say, that would be a small drop given the CBO's estimate of the output gap.
然而甚至是Ashworth先生也承认,核心通货膨胀率和工资增长水平都还没下降到产出缺口和失业率这两者似能预测的那种程度。
Yet even Mr Ashworth admits that core inflation and wage growth have not fallen as much as the output gap and unemployment would seem to predict.
货币和产出缺口能给通货膨胀提供有用的信息吗?
Can the Money Supply and Output Gap Provide Useful Information for Inflation?
我们首先估计出了预期通货膨胀率和潜在经济增长率,然后依据通货膨胀预期误差和产出缺口的关系来描述我国菲利普斯曲线的动态特征。
We firstly estimate the inflation expectations and potential output, and then we describe the dynamics of Phillips curve based on the inflation expectation error and output gap.
他说假如出现更大的缺口,则可能助力通货膨胀率突破今年本已高达13%至14%的预期区间。
A bigger shortfall would fuel inflation beyond the already high forecast of 13% to 14% for this year, he added.
他说假如出现更大的缺口,则可能助力通货膨胀率突破今年本已高达13%至14%的预期区间。
A bigger shortfall would fuel inflation beyond the already high forecast of 13% to 14% for this year, he added.
应用推荐