SHOULD you fret more about inflation or deflation?
你更担心通货膨胀还是通货紧缩？
They may hesitate in the face of political pressure or an explicit decision to err on the side of inflation rather than deflation.
它们可能在面对政策压力或是一个明确的决定时犹豫，而这个决定错误的倒向通货膨胀这边而不是通货紧缩。
Some believe this move has been driven by expectations of low inflation (or deflation) in coming years.
一些人认为这是由对未来几年低通胀(或通货紧缩)的预期所至。
Deflation is also harder to fight than inflation.
通货紧缩也比通货膨胀难以应付。
So, in the debate about inflation and deflation, both camps could be right but at different times.
这样，通胀和通缩辩论的两造，都有可能是正确的，不过时间不同罢了。
With a jobless rate of 10.2% and oodles of idle capacity, America still faces a bigger threat from deflation than from inflation.
伴随着失业率10.2%和众多的备用能量，美国仍然面对着更大的通货紧缩的威胁而不是通货膨胀。
If he is correct, it is the potential longer-term weakening of the dollar that is the real issue for the gold market, not inflation or deflation.
如果他的分析正确，那么真正对黄金市场产生影响的就是美元的长期走势，而非通货膨胀或通胀紧缩。
Nevertheless, by reining in its money supply, Japan has not only avoided inflation but has actually experienced deflation.
尽管如此，通过节流货币供给，日本不仅避免了通胀，甚至还经历了一定程度的通缩。
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。
Equally important, however, we need to steer clear of deflation, or even excessively low inflation.
不过，同样重要的是我们需要防止通货紧缩，甚至需要防止通货膨胀太低。
If ageing has helped make deflation endemic, tinkering with inflation targets will make little difference.
如果老龄化使得通货紧缩泛滥，修补通货膨胀目标将无济于事。
The Federal Reserve is pursuing a policy of inflation out of an erroneous fear of deflation.
出于对通货紧缩的过度担忧，美联储正在执行会导致通胀的政策。
The European Central Bank says it has avoided both inflation and deflation: Annual inflation in the 16-nation euro zone is running at about 1%.
欧洲央行说，已经避免了通货膨胀和通货紧缩：由16个国家组成的欧元区的年通货膨胀率约为1%。
And lower inflation in Germany means that, to close the inflation differential, peripheral countries will need a bout of outright deflation.
德国一国较低的通胀水平意味着，为了缩小通胀差距，边缘国家需要一次彻底的紧缩。
But there is no universal prescription: each central bank must weigh the local risks that inflation will persist against the threat of deflation from overhanging debt and fragile Banks.
但是没有通用的处方：每个央行必须权衡自己当地的风险，与未偿债务和脆弱的银行引发的衰退相比通货膨胀将是持续的。
But to the extent the yield spread reflects inflation expectations, it suggests deflation is an increasingly likely possibility.
但是对折线传播所反映通货膨胀的预期范围来说，它暗示了通货紧缩正成为不断增长的可能。
The recovery now under way will be feeble: deflation will remain a bigger threat than inflation for at least a year.
现行的复苏是脆弱的：在至少一年里，通货紧缩的威胁始终大于通货膨胀。
And we have discussed how to chart the right path to steer clear of the dangers of deflation and inflation, prolonged fiscal profligacy and premature frugality.
我们讨论了如何探索正确的道路，规避通胀与通缩、长时间财政浪费和过早节俭的风险。
That may fan fears of deflation given the already low readings on inflation.
鉴于已经很低的通货膨胀指数，这可能会煽起通货紧缩的恐惧。
A rise in nominal values in deflation represents an ever greater rise in real values, so I think gold's price ascent in real terms will be nearly identical in inflation or deflation.
在通货紧缩情况下名义价值的上升表示其真正价值也有一个更大的上升，所以我认为无论是在通货膨胀或是在通货紧缩情况下，实质的黄金价格都会上升。
As witnessed after the Japanese banking crisis: today's inflation turns to next year's deflation.
正象日本在银行危机后所经历过的：今天还是通胀，而下一年就变成了通缩。
Cleland likened its expansion and contraction to the inflation and deflation of a balloon.
克莱兰德将其放大和收缩比喻为气球的膨胀和缩小。
Cleland likened its expansion and contraction to the inflation and deflation of a balloon.
克莱兰德将其放大和收缩比喻为气球的膨胀和缩小。
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