A devaluation leads to a real depreciation in the short run but has no effect on the real exchange rate in the long run.

贬值导致了短期内真实的跌价，但是它对长期实际汇率并无影响。

youdao

We should pay more attention to J-Curve effect during the period of RMB appreciation even though it could be covered by some other factors in the short run.

曲线效应可能在短期内被其他诸多因素所掩盖，但在人民币升值压力不断增加的情况下值得警惕。

youdao

The empirical evidence demonstrates that both the long run and short run Fisher effect co exists in this period.

经验证据表明在这一时期同时存在长期和短期费雪效应。

youdao

Roy Amara, longtime president of the Institute for the Future, said that people tend to overestimate the effect of a new technology in the short run and underestimate the effect over the long term.

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In effect, the budget deficit is benefiting in the short run from the inflation.

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Although sulfate particles may have had the short-term effect of cooling temperatures, in the long run, pumping CO2 into the atmosphere spells trouble.

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