探讨了不确定性对投资决策的影响,笔者认为这取决于资产价格均衡关系式。
Also, the effect of uncertainty upon the investment decision is further discussed so that the authors hold that this mainly depends on asset price equilibrium condition.
照全球现在的增长趋势,如果每桶石油的均衡价格高于90美元会怎样?
What if the equilibrium price of a barrel of oil in a world growing at trend levels is above $90?
如果全球商品价格不断上涨是由于需求方面的因素,那么我们可以寄望全球商品产出均衡增长。
If global commodity prices are rising due to demand-side factors, then we can expect global commodity output to rise in equilibrium.
他想,为什么不试试看哪种拍卖形式能最快地让交易员趋于一个均衡价格呢?
Why not, he thought, try and see what types of auction would let traders converge most quickly towards an equilibrium price?
均衡价格减少,但均衡数量增加。
The equilibrium price decreases but equilibrium quantity increases.
一项资产总是试图从均衡价格A移动到均衡价格B。
The asset is trying to get from equilibrium price a to equilibrium price b.
里索也指出,没有任何基准能用来判断当前的价格是否接近均衡。
Rizzo also points out that there is no benchmark to enable us to decide whether existing prices are close to equilibrium or not.
它是基于购买力平价理论,也就是说汇率应该使不同国家的一篮子商品的价格达到均衡。
It is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in each country.
名义GDP的快速增长意味着资产价格无需下调以回到均衡水平,坏账更容易被抵消,日益增长的需求也能迅速的吸收过剩的产能。
Rapid growth in nominal GDP means that asset prices do not need to fall so far to regain fair value, bad loans are easier to work off and excess capacity can be more quickly absorbed by rising demand.
巨无霸指数以购买力平价理论为基础。根据该理论,汇率需调整以均衡全球范围内的一篮子食物和服务的价格。
The Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world.
其想法在于,股票价格遵循偏离均衡的相当温和的随机漫步(random walk)原则,颇似布朗运动(Brownian motion)[5]中四处轻摆的花粉微粒[6]。
The idea is that share prices follow some gentle random walk away from an equilibrium, rather like motes of dust jiggling around in Brownian motion.
唯一不带来变动的价格就是p*,即能够使需求数量等于供给数量的均衡价格。
The only price which doesn’t lead to price changes is p*, the equilibrium
通常他们提供十分均衡的午餐而在一个合理的价格。
Usually they provide well-balanced lunches to children at a reasonable price.
然而,一遇到经济危机,它就难以为继了,因为其“动态随机”要素仅能说明均衡状态附近的微小价格波动,在危机来临时却无均衡状态可言。
They do badly in a crisis, however, because their “dynamic stochastic” element only amounts to minor fluctuations around a state of equilibrium, and there is no equilibrium during crashes.
现在我们正试图使市场恢复正常的均衡状态,而价格将自行调整。
Today we are trying to get the market to the normal equilibrium and the price will take care of itself.
现在考虑这种情况,央行想将债券价格确定在高于市场均衡价格的水平;事实上,这时央行实行的是债券最低价格政策。
Now consider the case in which the central bank wants to establish a bond price that is above the market equilibrium price; in fact, the central bank is then pursuing a minimum price policy for bonds.
物质商品的价格倾向于达到均衡点,该价格依供求状况而定。
Prices for material goods tend toward equilibrium, depending on supply and demand.
有些人认为伴随着银行和其他放贷者以低价大量抛售其没收到的抵押房产,房市价格可能会下跌到均衡价格以下。
Some believe that with banks and other lenders dumping huge numbers of foreclosed homes, prices could fall well below equilibrium.
但是我们承认,这些数据过于有限以至不能确定这个数字接近于供求相等时的均衡价格——它们可能过于高或过于低。
We recognize, however, that the data are too limited to be confident that these Numbers would be close to equilibrium prices that equate supply and demand-they may be too high or too low.
唯一不带来变动的价格就是p*,即能够使需求数量等于供给数量的均衡价格。
The only price which doesn’t lead to price changes is p*, the equilibrium price in which the quantity supplied equalsthe quantity demanded.
通常,关于单商品市场价格波动的稳定性问题,是在供需均衡的条件下进行研究的,称为“蛛网模型”。
Usually, the stability of individual commodity market price fluctuation is studied based on supply-demand equilibrium, called as "Cobweb Model".
有限的医疗供给和最优的消费追求必然会导致医疗市场畸高的均衡价格和消费拥挤。
Limited supply and optimal consumption will inevitably lead to the odd high equilibrium prices and consumption overcrowded.
比如说,如果央行想确立如图中点A ''所对应的债券最低价格PMin,这个最低价格高于市场均衡价格P0,它造成债券供应过剩(即B** — B*),这些过剩的债券供应将由央行收购。
If the central bank wants to establish, say, PMin as implied by point A'', which exceeds P0, it creates a supply surplus of bonds (namely B** — B*), which has to be taken up by the central bank.
从图形上看,均衡价格是供给曲线和需求曲线相交时的价格。
On a graph, it is the price at which the supply and demand curves intersect.
股票的均衡价格是股票的买卖双方处于均衡态势时共同认可的价格,对应于弹簧在无外力作用时的平衡位置。
The equilibrium stock price is determined by both the supply and the demand side, corresponding to the free position of a spring when all external force is removed.
股票的均衡价格是股票的买卖双方处于均衡态势时共同认可的价格,对应于弹簧在无外力作用时的平衡位置。
The equilibrium stock price is determined by both the supply and the demand side, corresponding to the free position of a spring when all external force is removed.
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