Right now we're in a liquidity trap, which, as I explained in an earlier post, means that we have an incipient excess supply of savings even at a zero interest rate.
现在我们陷入了一个流动性陷阱(在我此前的一篇文章中解释过),意味着我们即使在零利率的时候,也将会遇到初始就过剩的储蓄。
That's not a bug, it's a feature; it says that when you're in a liquidity trap, thinking in terms of the supply and demand for money is just not a helpful way to approach the issues.
说明了当你处于流动性陷阱中时,仅仅思考货币的供给和需求并不能是个有效地方式去理解这种困境。
He is wrong, however, to assume that this is evidence of a "liquidity trap" in the US financial system.
然而,他的错误在于他认为这是美国金融体系中存在流动性陷阱的证据。
The premiums stem from China's capital controls, which trap a lot of stock-investing liquidity within the Shanghai and Shenzhen markets.
这种溢价来源于中国的资本控制,这种控制造成大量股市流动性集中在沪深股市中。
Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.
麦金农的负风险溢价理论说明,在流动性陷阱的情况下,日本银行业很难赢利。
However on the subject of how to escape from a liquidity trap there is no such consensus.
然而,在讨论如何规避流动性陷阱这个问题上,大家意见不一。
Svensson (2003) even suggests that a set of emergency measures to be prepared and declared in advance, which can be used at pre-announced indications of an imminent liquidity trap.
斯文松(2003)甚至还建议这一系列紧急措施早应该准备好,宣传到位,这样便可以提前预测将来流动性陷阱的问题。
Svensson (2003) even suggests that a set of emergency measures to be prepared and declared in advance, which can be used at pre-announced indications of an imminent liquidity trap.
斯文松(2003)甚至还建议这一系列紧急措施早应该准备好,宣传到位,这样便可以提前预测将来流动性陷阱的问题。
应用推荐