So, according to the expectations theory augmented with liquidity preference-- This strongly upward-sloping term structure in 2003 would reflect two things.
所以,根据结合了流动性偏好的,预期理论,2003年期限结构中表现出的,强烈上扬趋势反映了两方面的因素
According to Freud, there are three distinct processes going on in your head and these are in violent internal conflict.
根据弗洛伊德的理论,在你的头脑中存在着,三种截然不同的人格结构,它们之间存在着强烈的内部冲突。
The theory of the term structure is the theory of how interest rates differ according to maturity or term.
利率期限结构理论就是,怎样由不同的期限,产生不同的利率
Professor Rutherford has given a theory of the structure of atoms.
卢瑟福教授给出,原子结构的理论。
If the dualist were to start offering us some elaborate theory of consciousness, "Well, there's these sorts of soul structures, and those sorts of soul structures, and these create these sensations and those create those sensations.
如果二元论者试图,为我们提供一个详尽的意识理论学说,你看,这是灵魂的什么什么结构,那是灵魂的什么什么结构,这些产生了这种感觉,那些产生了那种感觉
So that's a really important type of an application that we can use MO theory for that we weren't able to do with our Lewis structures.
这是MO理论,在Lewis结构,不能用时的,非常重要的应用。
That means, in the simplest-- it's called the expectations theory of the term structure.
这意味着,在最简单的利率期限结构理论,即利率期限结构的预期理论中
What he says is those forward rates are what people think interest rates will be in the future and that's called the expectations theory of the term structure.
这里所指的远期利率就是人们预期的,未来利率,我们将这种理论称作,利率期限结构的预期理论
Now, according to Freud, most of this is unconscious.
根据弗洛伊德的理论,人格结构的大部分是无意识的。
The interesting question from the standpoint of economic theory is, why did it have that funny shape?
从经济学理论的角度来看,期限结构的走势为什么会这样呢
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