Third, in most countries the build-up of foreign-exchange reserves has not hugely pushed up the growth of money and inflation.

第三，在大部分国家建造外汇储备并没有大幅推高货币供给和通货膨胀。

youdao

Friedman believed in the power of money: the more money, the more income and, eventually, the more inflation.

弗里德曼信奉货币的力量：越多的钱，意味着越多的收入，最终也意味着越高的通货膨胀。

youdao

Out of institutional reasons, the central bank has to utilize base money to keep exchange rate stability and inflation, therefore, is inevitable.

因为制度性原因，央行不得不以基础货币来维持汇率稳定，于是通胀就无法避免。

youdao

Now, what happened was the U.S. Government-- or the Massachusetts Government--had created high inflation during the war and nobody wanted to lend money to it so they create here a price index.

当时的美国政府,或者说麻省州政府在战争期间引发了高通胀,以至于没人愿意借钱给他们,于是他们制定了一个价格指数

耶鲁公开课 - 金融市场课程节选

You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

耶鲁公开课 - 金融市场课程节选

The money supply is useful as a policy target only if there is a stable link between money and inflation.

ECONOMIST: Euro Towers or Fawlty Towers? | The

Combined with the liberalisation of financial markets, this may cause big changes in the behaviour of firms and individuals, and hence the previous relationship between money and inflation is likely to break down.

ECONOMIST: Remember monetarism? It may be coming back into fashion

Several economic studies suggest that while the link between money and inflation has proved fickle in individual countries, pan-European measures of money are much more stable and a good indicator of growth and inflation in the region as a whole.

ECONOMIST: Remember monetarism? It may be coming back into fashion