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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If real dividends barely grow over the long term, then a forecast of stagnant nominal dividends may simply reflect investors' expectations of zero inflation.

如果长期实际股息分红几乎不增长，那么对于名义分红不景气的预测可能仅仅反映出投资者的零通胀预期。

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The most important issue, of which the Fed is keenly aware, involves the exit strategy for avoiding inflation once the economy has improved and short-term nominal interest rates are no longer zero.

美联储敏锐地意识到：一旦经济改善和短期名义利率不再为零，最重要的问题是涉及避免通货膨胀的退出策略。

youdao

This shortage manifests itself in the form of interest rates on Treasury securities that are near zero in nominal terms, and below zero when inflation is taken into account.

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With nominal rates at zero, and core consumer-price inflation at 0.5%, you are still paid to borrow.

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If this proposal is adopted by the General Conference, it would represent zero nominal growth from the current biennium.

UNESCO: MEDIA SERVICES