But obviously the Fed is constrained once nominal rates hit zero, and so the economy returns to its trend growth rate but never recovers the ground lost during the financial shock.

但很明显，一旦名义利率下降到零美联储会受约束，因此经济恢复到趋趋向增长率，但不会在金融冲击下恢复所受损失。

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Most infrastructure funds in Brazil say they target nominal returns of around 20%.

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It is interesting to me that only two of the asset classes produced positive nominal returns in all three periods, that being 7-10 year Treasuries and of course T-Bills.

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The fall in inflation, which is driving down future nominal returns and so reducing the prospective value of the endowment policies, also means that homebuyers are paying less in mortgage-interest payments.

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