If real dividends barely grow over the long term, then a forecast of stagnant nominal dividends may simply reflect investors' expectations of zero inflation.

如果长期实际股息分红几乎不增长，那么对于名义分红不景气的预测可能仅仅反映出投资者的零通胀预期。

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Fed officials still think that, if even pessimistic forecasts came to pass, inflation would not fall below zero.

美联储官员仍然相信，即使悲观的预期实现，通胀率仍不会跌至零点以下。

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And because the inflation rate, though low, was greater than zero, these cuts in dollar terms were even larger in inflation-adjusted dollars.

且这些以美元计算的支出削减仍然高于通胀调整的美元数，这是因为虽然通货膨胀率很低，但其仍大于零。

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In a world of near-zero inflation, nominal prices are more likely to need to fall.

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Accordingly, a private replacement for Social Security would have to take the form of a fully-inflation-indexed annuity with zero risk of default.

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With nominal rates at zero, and core consumer-price inflation at 0.5%, you are still paid to borrow.

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