二是目前负的实际利率水平能够有效促进消费；

Secondly, it is the negative real interest rates that can effectively promote the consumption;

youdao

比方说，经济学家可以画出35岁至59岁人群(存最多钱的一部分人)的比例与实际利率水平的关系曲线。

For example, economists can plot a relationship between the proportion of the population aged between 35 and 59 (when people save most) and the level of real interest rates.

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只有当全球增长预期在可见的将来依旧悲观时，实际利率才会保持今天如此之低的水平。

Real rates will stay at today's low levels only if the global growth outlook is gloomy for the foreseeable future.

youdao

There are not only debt instruments that are payable in currency, but there are also indexed debt instruments that are indexed to the price level so that they give real interest rates.

债券工具,不仅仅是可以支付的货币手段,还是指数利率工具,以指数的形式表达债券的价格水平,显示出实际利率

耶鲁公开课 - 金融市场课程节选