By estimating and testing the structural VAR model,we find that the monetary shock,supply shock and price shock have significant and persistent effects on the short term interest rates, but have no significant effects on long term interest rates.
文章通过估计和检验结构VAR模型,发现货币冲击、供给冲击和价格冲击都对短期利率产生了持续显著的影响,而对长期利率则没有显著作用效果。
参考来源 - 利率期限结构与宏观经济因素的动态相依性——基于VAR模型的经验研究·2,447,543篇论文数据，部分数据来源于NoteExpress
In a large oil producer, that might turn into a true supply shock.
如果换作是在大型石油产出国，这或许会演变成一场真正的供应危机。
OPEC sought to ease fears of a supply shock, promising to release reserves and increase production if need be.
为了缓解国际社会对石油供应震荡的恐惧，石油输出国组织（OPEC）承诺将在必要的时候动用石油储备，并增加产量。
If the Middle East situation resolves without a severe supply shock, this logic suggests that stocks are now cheap.
如果目前中东的局势能够化解，而不出现严重的供应危机，按照上述逻辑推断，眼下股市便处于低位。
应用推荐