The effect of deflation in reducing aggregate demand, known as debt deflation, probably played a significant role in the Great Depression.

通缩于降低总需求上的效应叫做债务紧缩，在大萧条时期它可能扮演了重要的角色。

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That huge demand for U.S. debt, in turn, helped to fuel the U.S. 's housing and credit booms by keeping the cost of borrowing at unusually low levels.

而对美国债券的巨大需求反过来又让借贷成本达到了异常低的水平，推动了美国房地产和信贷市场的繁荣。

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Third, big increases in public debt, while cushioning demand in the short term, increase the overall debt reduction that will eventually be needed.

第三，公共债务的巨大增长缓解了短期的需求不足，但也意味着将来需要削减的债务增加了。

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Now, the interest rate in Irving Fisher's world has to equate supply and demand in the market for debt.

在费雪的理论里,利率必须与,债券市场的供需关系保持平衡

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You said, the preference or demand the debt ceiling be adjudicated and dealt with in this cliff deal before December 31st.

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The low interest rate environment in the country also helped boost demand for debt and other unconventional securities as investors look for higher returns on their investments.

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Right now demand for debt is relatively low, but those who are looking to the future wonder whether enough credit would be available if the economy gains speed.

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