But, in 2011, most of the equilibration will likely take place through inflation.
但在2011年，通胀可能才是通向均衡之路。
They can default, either outright or, if they have their own currencies, through inflation.
如果一国拥有自己的货币，该国就可以违约，既可以直接违约，也可通过通货膨胀隐形违约。
And where a large proportion of wage contracts is indexed to prices, as in Spain, higher inflation would rapidly work its way through to wages.
在大部分工资合同根据物价进行调整的国家，例如西班牙，高通胀会很快通过就会导致工资上涨。
An alternative way to lift a real exchange rate is through higher inflation than abroad.
取而代之的一个提升真实汇率的方法是通过比境外高的通胀。
Now that Greece and Germany share the same currency, however, the only way to reduce Greek relative costs is through some combination of German inflation and Greek deflation.
然而，现在希腊与德国拥有相同的货币，降低希腊相对成本的唯一途径是通过某种德国通货膨胀与希腊通货紧缩相结合的办法。
In an emerging economy with rapid productivity growth the real exchange rate should rise over time, through either higher inflation or a rise in the nominal exchange rate.
在一个生产率迅速增长的新兴经济体国内，其实际汇率也会随着时间的推移而上升，方式则可能要么通过高通货膨胀率，要么就是名义汇率的上升。
The possibility of a multiverse comes from inflation theory, the idea that our universe went through a rapid expansion shortly after the big bang.
多重宇宙存在的可能性，来自于膨胀理论，即我们的世界产生于一次宇宙大爆炸后的短时扩张。
Policymakers might secretly prefer to do that through higher inflation, which lifts nominal incomes, than through the painful processes of cutting spending and retiring debt, or default.
决策者可能隐蔽的选择更高的通货膨胀——这会增加名义上的收入，而不是采取削减支出和减少债务或是不履行职责这样痛苦的手段。
Alternatively, they can do so indirectly through high inflation (another form of default).
他们也能通过高的通货膨胀(另一种形式的违约)间接这嘛做。
As head of the central bank in the 1980s, Volcker steered the US through a severe recession, which he had helped to create by raising interest rates to kill inflation.
沃尔克在80年代担任央行行长期间曾通过上调利率扼杀通胀，从而带领美国走出严重萧条。
The so-called “break-even” rate for inflation has remained close to its current 2.19 per cent through that period, JPMorgan Asset Management says.
摩根大通资产管理公司(JPMorgan Asset Management)称，在此期间，所谓的“损益平衡”通胀率一直保持在当前2.19%的水平附近。
Sargent's work showed how the public and banks adjusted to the change through a gradual learning process, explaining why it took a long time for inflation to come down.
萨金特的研究表明了公众和银行如何通过逐渐的学习过程来适应政策变化，解释了为什么通货膨胀需要经过长时间才能平息下来。
But to close the gap through rising prices in the north, policy makers would have to accept temporarily higher inflation for the euro area as a whole.
然而，要通过在北部地区提高价格的办法弥合差距，决策者将不得不接受整个欧元区临时性高通货膨胀。
With its sound public finances, low inflation and stable exchange rate, Denmark would sail through the euro’s entrance exam.
丹麦稳健的公共财政，低通胀水平和稳定的汇率将轻松通过欧元区”准入考试”。
Price rises change expectations of inflation, leading workers to bid for wage increases that preserve their buying power and firms to push through price increases, generating a vicious spiral.
价格上涨改变通胀预期，致使工人为维持购买力而要求涨工资，企业推动价格上涨，从而产生一个恶性工资-价格螺旋。
More expensive raw materials will work their way through the supply chain over the coming months, pushing up on inflation.
在未来数月中，原材料价格上涨将通过供给链进一步推高通胀率。
Hence, monetary growth is becoming inflation through expectation.
因此，货币供给通过预期而实现通胀。
Hence, monetary growth is becoming inflation through expectation.
因此，货币供给通过预期而实现通胀。
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