一种可行做法是以价格水平目标代替通胀目标。
One way to do this would be to target a price level, rather than an inflation rate.
如果价格水平没有上升，那么对通胀的担忧又来自何处？
另一项建议是各国央行瞄准一条价格水平轨迹而非通胀率。
Another proposal is that central Banks aim at a path for the price level rather than the inflation rate.
最后，我们将讨论与价格水平下沉或者说通缩相关的特殊问题。
Finally, we'll discuss the special problems associated with a falling price level, or deflation.
理论上，市场会自动修正失衡，令价值型股回到应有价格水平。
In theory, the market will correct the imbalance, returning value stocks to their proper price.
如果消费者认为价格水平继续上扬的话，他们将会更积极地消费。
Consumers may shop more aggressively if they think prices are going to go up.
较高的通胀的另一个障碍是发达国家对他们价格水平稳定的承诺。
Another obstacle to higher inflation is that rich countries have promised themselves price stability.
这个系统可能会于年底就位并有助于稳定农业市场的产品价格水平。
It could be in place by the end of the year and would probably help reduce price volatility in agricultural markets.
虽然目前没有中央银行以价格水平为目标，但它已不是一个新的概念。
Although no central bank currently targets a price level, the concept is not a new one.
因为价格水平的下降，未来的一美元比今天的一美元实际价值会更高。
Due to the falling price level, a dollar in the future has a higher real value than a dollar today.
这可能给长期习惯考虑通胀制而非价格水平制的公众带来很大的困惑。
This could befuddle a public long accustomed to thinking in terms of inflation rather than price levels.
不过，分析师警告称，目前的价格水平难以为继，市场可能出现另一次调整。
However, analysts warned that current price levels were unsustainable and the market could be approaching another correction.
然后，这些企业回到自己的研发团队，打造出新产品和史无前例的价格水平。
Then the companies are going back to their research teams and crafting new products and unprecedented price points.
也就是说：在开放型经济体中，进口对国内价格水平的影响比封闭型经济体要大。
To translate: in open economies, imports have a bigger impact on the domestic price level than in closed economies.
在2008年粮食危机前的十年里，价格水平普遍较低，其推动作用就不太明显。
In the decade before the 2008 food crisis, when prices were generally low, such impetus was lacking.
过度的住房供给，一时间很可能会给其价格水平和建筑市场乃至整个经济带来压力。
The housing glut is likely to weigh on prices and on building—and hence on the economy—for a while.
所以，只有在当前的价格水平得到突破后，金价才有可能向1600美元目标进攻。
Only after these levels are taken out is a move towards the $1,600 target level likely to begin.
通胀是指价格水平持续上升：是过多货币(或购买力)追逐太少的商品和服务的结果。
Inflation is a sustained rise in the price level: the result of too much money (or purchasing power) chasing too few goods and services.
但近来商品及食品的批发价格水平的增长显示通货紧缩的早期特征尚未形成。
But recent increases in commodity prices and food prices at the wholesale level suggest that the early characteristics are not setting in.
同样，对于价格水平定位的多数最有成就的研究也都是在加拿大银行进行的。
Similarly, much of the best research on PLT is being conducted at the Bank of Canada.
市场需求有时也被称为“水平需求”，因为它是每一价格水平下需求量的加总。
This is sometimes called a “horizontal sum”because the summation is over the quantities for each price.
哥伦比亚大学的迈克尔·伍德福德和哈佛大学的肯尼斯·罗格夫支持价格水平更快上涨。
Columbia University's Michael Woodford and Harvard University's Kenneth Rogoff are among proponents of faster price increases.
但是包括沃尔什在内的许多人则担心，向公众解释“价格水平目标”会非常困难。
But many, including Mr Walsh, worried that price-level targeting would be harder to explain to the public.
的确，只有不断提高资产价格水平，它的财富效应才能起到辅助刺激消费的作用。
Indeed, the wealth effects of higher asset prices will help lift spending. Ample liquidity is therefore likely to continue to stoke asset prices.
的确，只有不断提高资产价格水平，它的财富效应才能起到辅助刺激消费的作用。
Indeed, the wealth effects of higher asset prices will help lift spending. Ample liquidity is therefore likely to continue to stoke asset prices.
应用推荐