That in itself would raise the broad money supply as the central bank pays for its purchases from institutional investors such as insurance companies. And the impact might be much greater.
因为中央银行会为其从机构投资者(如保险公司)购买的东西付款,购买中等规模的资产本身会增加广义货币供应,并且其影响可能会更大。
The answer is that you need to add "liquidity preference", the supply and demand for money.
答案就是,你要把“流动性偏好”,也就是对现金的需求和供给加入考虑。
From a monetarist perspective the problem is an increased demand for liquidity, which is unlikely to be met by an increase in the supply of money.
而且按照货币主义的观点,这是流动性需求增长的问题,不可能通过增加货币供给来解决。
Congress would not do a better job dictating interest rates or money supply growth than the Federal Reserve does for exactly the same reason: Congress is not the free market.
国会在主宰银行利率或货币供应增长方面不会比联邦储备银行做的更好,原因完全相同:国会并不是自由市场。
Since we cannot buy more than is being produced, the additional money only increases the competition for the available supply of products.
既然我们所购买的东西不能超过现有的生产能力,额外增加的货币只能增加对现有产品的竞争。
What central bankers want to know, above all, is whether the supply of money is big enough to meet the demand for money, without exceeding it (which is what leads to inflation).
首先,中央银行家们想确定货币供应满足需求又不至于发行太多(引发通货膨胀的起因)。
And new bank loans continue to provide extra fuel for rocket-powered money supply that sure doesn't need any help.
而新贷更是继续在给火箭速度增长、并不需要外援的货币供应提供燃料。
Yet despite the vastly greater supply, employers still reward them well for the time and money they invest.
尽管人在市场上存在很大的供给,但雇主们给这些毕业生的报酬很好的补偿了他们所投入的时间和金钱。
Inflation is the product of the demand for money as well as of the supply.
通货膨胀是货币需求和供给的产物。
That's not a bug, it's a feature; it says that when you're in a liquidity trap, thinking in terms of the supply and demand for money is just not a helpful way to approach the issues.
说明了当你处于流动性陷阱中时,仅仅思考货币的供给和需求并不能是个有效地方式去理解这种困境。
This means printing of money (the Fed prints the money and then "lends" it to the Treasury) of $500 billion to $1 trillion addition to the money supply, each year for the next several years.
这意味着未来数年,为了增加货币供应,每年都要多印5000——10000亿美元(美联储印钱,然后“借给”财政部)。
The money supply figures for the late '70s, which gave us a 13.3% rise in the consumer price index, were in the range of 8%–9% per year.
而上世纪70年代晚期,尽管CPI的年增幅达到了13.3%,但是货币供应量的增幅一直维持在8-9%的范围内。
The central bank raised interest rates yesterday for the fourth time this year to control money supply and rising prices.
(China Daily)昨日,央行年内第四次上调利率,以控制货币供给量和物价上涨。
The pace of growth of M3, the broad measure of the money supply, quickened to 7.6%. It has been well above the ECB's target for five years.
广义货币供应量(M3)增速加快至 7.6%,已远超欧洲央行的5年增长目标。
For much of his career he said the Fed should let the money supply grow at a fixed rate.
在职业生涯中,他曾多次表示,联储应让货币供给以稳定的速度增长。
That in itself would raise the broad money supply as the central bank pays for its purchases from institutional investors such as insurance companies.
央行对从诸如保险公司这种机构投资者购买进行支付的本身就能够增加广义货币供给量。
Yet if there is a "financial system" in most introductory texts, Mr Blinder observes, it usually focuses on the demand and supply functions for money.
而布兰德尔也有类似见解,大部分经济学入门教科书,即使提及了金融体系,中心点也多为讲解货币的供求职能。
But if we are focusing purely on the business cycle, then shocks to the supply and demand for money (including expectations of future changes) are the primary determinant of the pace of recovery.
但是如果我们只是单纯地把注意力放在商业周期上,那么货币供求的震动(包括对货币未来变化的期望)就是决定经济复苏速度的主导因素。
Otherwise, if the money supply were not expanding, those same asset prices could not rise in price (see this article for a full explanation).
相反,如果货币供应没有扩张,那些相同的资产价格不可能上涨。(完整阐释请看该文)。
The prospect of higher wage increases is one justification; others include the fastest money-supply growth for 17 years, reported this week.
工资增长幅度加大是一个原由;其他的因素包括17年以来最快的货币供给增长率(本周报道)。
But it's easier for communities to buy equipment - and look for tech solutions - because there's Homeland Security money and no shortage of contractors to supply the silver bullet.
但公众购买设备(以及寻找高技术解决方案)变得更容易,因为有国土安全部的钱,也不缺提供优秀解决方案的承包商。
Thus, for example, the Chicago School has been critical of the Fed, but for the wrong reasons: the Fed supposedly failed to create enough money when the money supply began falling.
例如,芝加哥学派就一直对美联储持批评态度,但是却说错了原因:当货币供应一直减少时,美联储却没有制造出足够的货币。
Money that does not circulate-money that people keep under their mattresses, for example-are not really part of the money supply because they are not exchanged for goods or services.
不参与流通的货币——如人们储存起来的货币——由于没有实现其交换价值,故而并不算货币供给的一部分。
Mr Truman says that given the weak global recovery there may be a case for central Banks to move towards quantitative easing, seeking to boost the money supply further.
杜鲁门表示,鉴于全球经济复苏势头疲软,各国央行也许有理由向定量宽松趋近,以寻求进一步加大货币供应。
He stressed that shifts could occur in not just the demand for money, but also in its supply-for example, through Banks' readiness to lend.
他强调说,转变不仅会发生在货币需求上,也会发生在货币供给上,如通过银行贷款。
For example, the Federal Reserve let the money supply shrink.
比如,联邦储蓄允许货币供应紧缩。
For example, the Federal Reserve let the money supply shrink.
比如,联邦储蓄允许货币供应紧缩。
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