The term structure is one of the most interesting things in economics because it shows the price of time at various maturities.
经济学中,期限结构是个有趣的话题,因为它揭示了不同到期期限的时间价值
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
He was very interested in economics, and he wanted to understand how the social structures of capitalism and the economic structures of capitalism impinged upon the way personalities were formed.
其中,他对经济学又颇有研究,一直致力于解析,资本主义的社会结构,和经济架构如何改变一个人。
In one model we thought of the firms setting quantities and the market determining prices, and here we have the firms setting prices and the market determining quantities, but the basic underlying economic structure of this is very, very similar.
在前一个模型我们假设公司设定产量,而市场决定价格,在本模型中我们假设公司设定价格,而市场决定产量,但基本的经济结构是非常,非常相似的
It's one of the questions of economics -what determines the term structure?
经济学中的一个老问题是,期限结构是由什么决定的呢
So you--it doesn't--this theory doesn't say a whole lot about what the term structure will look like but it suggests that it's determined by the interplay of lots of economic factors.
这个理论没有详细说明期限结构,期限结构是什么样子的,但它指出了这是由,经济因素间的相互作用决定的
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