Monetary aggregate may be taken as intermediate target in a dynamic way under the case of unstable monetary velocity.
在货币流通速度不稳定的情况下,继续使用货币供应量作为货币政策中介目标,可将中介目标动态化。
参考来源 - 货币供应量和利率作为货币政策中介目标的适用性To choose the better intermediate target of monetary policy from interest rate or monetary aggregate is a controversial issue.
利率和货币量哪个更适合作为货币政策中介目标是一个很有争议的问题。
参考来源 - 货币政策工具与中介目标选择:基于公开市场操作的研究·2,447,543篇论文数据，部分数据来源于NoteExpress
The current issue is that the monetary aggregate (M4) measure of lending to the private sector is at its lowest level in a decade, while inflation is more than double the BOE's target.
目前的问题是，衡量私人贷款的指标——货币总量(M4)正在十年以来的最低点，而通胀指数高出英格兰银行所预期的两倍。
But creating inflation is easier said than done: it requires boosting aggregate demand enough to consume existing economic slack, through either monetary or fiscal policy.
但是制造通货膨胀说起容易做起来难- - -它需要货币抑或是财政政策来拉动足以消化现存闲置生产的总需求。
Some people have argued that the high commodity prices resulting from monetary stimulus are a sort of supply shock, which might negate the impact of quantitative easing on aggregate demand.
有些人主张，货币刺激造成的高商品价格是一种供应冲击，这可能会抵消量化宽松政策对总需求的影响。
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