那一理论只有在货币需求是稳定的时候才正确。
That theory held true only if the demand for money was stable.
通货膨胀是货币需求和供给的产物。
Inflation is the product of the demand for money as well as of the supply.
积极财政政策必然导致货币需求的增加。
Active fiscal policy is bound to result in additional demand for money.
总体价格只会因商品供应减少或者货币需求增大而上升。
Aggregate prices rise only with reduced supply or increased (monetary) demand.
所以，货币需求过快的上升引发了通货紧缩。
That is to say, the excess of demand for RMB leads to current deflation.
实际货币需求在1974年下降，但幅度甚微。
利率政策的有效性取决于货币需求的利率弹性。
The effectiveness of interest rate policy is determined by the elasticity of monetary demand.
考察我国的货币需求，需要注重考察宏观货币需求。
To observe the monetary demand of our country, great attention should be paid to macro-monetary demand.
货币供给和货币需求的失衡是影响外汇储备变动的主要原因。
The out-of-balance of monetary supply and demand is the basic factor affecting foreign reserves change.
铸币税产生于对央行的货币需求，这种需求产生财富分配效应。
It is the money demand of central bank, which causes the effect of wealth distribution that results in seigniorage.
同时，我国股市又逐步成为影响货币需求的一个不可忽视的因素。
Simultaneously, our stock market has been a important factor to influence the money demand gradually.
论文通过对中国货币需求的计量分析，为以上结论提供了经验的证明。
The econometric analysis of the money demand in China conducted in this paper offers an empirical proof for the conclusion.
货币需求是一个描述经济体中在每个利率水平下的货币需求量的函数。
The money demand is a function that describes the amount of money that is demanded in the economy at every interest rate level.
近年来，对处于变化的金融环境中货币需求行为的研究逐渐增多起来。
The behavior of a money demand function in changing financial environment is a subject that has received increasing attention in recent years.
从理论角度来看，即货币需求的稳定性降低，并且货币的内生性增强。
From theory, the demand of money is less steady, and the currency endogenous has enhanced gradually.
货币内生性理论指出公众的货币需求会直接影响中央银行的货币供给。
The theory of endogenous money supply points out that the money demand of the public could affect directly the money supply of the central bank.
在最后回归结果的分析中，具体分析了影响我国货币需求各因素的情况。
In the last part of the regression result analysis, the paper analyzes all factors affecting China 's monetary demand.
他强调说，转变不仅会发生在货币需求上，也会发生在货币供给上，如通过银行贷款。
He stressed that shifts could occur in not just the demand for money, but also in its supply-for example, through Banks' readiness to lend.
亚洲市场反弹，大宗商品支撑高收益货币需求走高，致使澳元也有所走高。
The Aussie also gained as Asian markets rallied and commodities supported demand for high-yield currencies.
如果价格粘性较弱，反周期的货币需求冲击能够起到稳定经济增长的作用；
If the stickiness of price is week, the impact of counter-cycle money demands will be able to stabilize economic growth;
但是，在1975年，实际GNP却有了大幅下降，这减少了实际货币需求。
But by 1975, there was a large fall in real GNP which, in turn, reduced the demand for real money.
在建立货币供给模型与货币需求模型之前，首先要回答什么是适度货币量的问题。
It is the first question to answer what is the appropriate amount of money before building the model of money supply and money demand.
由于实际GNP在1974年仅仅轻微下滑，实际货币需求曲线仅仅微小幅度左移。
Because real GNP fell only slightly in 1974, the demand curve for real money shifted only slightly to the left.
最后从实证研究的结果得出货币需求函数稳定性的政策意义下降的结论，并分析了原因。
Finally, the author got the conclusion that the importance of "the stability of the function of the demand for money" is declining, and analysed the reasons.
高水平物价带来的实际货币供给的下降幅度大大超过降低的GNP带来的实际货币需求下降。
The much higher price level reduced the quantity of real money supplied by considerably more than the lower real GNP decreased the demand for real money.
货币替代在本质上表现为外币在货币职能上替代本币，也可从货币需求动机上对其进行分析。
It can be essentially seen as the substitution of the functions of domestic currency by foreign currency, and can also be analyzed from the aspect of the motive of monetary demand.
在美元空头等待下周美联储会议以观察其“乾坤”之际，股市的稳健表现帮助削弱避险货币需求。
Solid performance of equities helped to diminish the demand for the safe haven currency amidst a backdrop of dollar bears waiting for next week's FOMC meeting to see what they have in store for QEII.
从分析凯恩斯主义和货币主义的货币需求理论的分歧出发，研究中国的货币需求是否与利率相关的问题。
Based on the analysis of the theoretical differences in money demand between Keynesianism and monetarism, this paper tackles the issue whether money demand in China is related to its interest rates.
从分析凯恩斯主义和货币主义的货币需求理论的分歧出发，研究中国的货币需求是否与利率相关的问题。
Based on the analysis of the theoretical differences in money demand between Keynesianism and monetarism, this paper tackles the issue whether money demand in China is related to its interest rates.
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