Italy and Belgium have high debt levels but more ample private savings, and their underlying budgets are closer to surplus.
意大利和比利时虽然债台高筑,但私人储蓄较为充足,并且潜在预算(译注:即充分就业预算)更接近盈余状况。
The surge in private savings in the wake of the economic crisis has masked big changes in the rich world's sovereign-bond markets.
在经济危机中觉悟起来的个人储蓄之浪,已经把富裕国家的债市搅了一个天翻地覆。
All three aforementioned adjustments (relative prices changes, increase in private savings, and factor-market flexibility) were inhibited.
前面所提到的三种调整(相对价格的变化,个人存储的增加,灵活的上产要素市场)被抑制了。
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