Partly as result of such entrenched deflation, and the associated waning of risk appetite, nominal GDP in Japan is at its lowest level since the first quarter of 1991.
目前，日本名义GDP处于自1991年第一季度以来的最低水平，部分原因就在于如此根深蒂固的通缩，以及风险偏好的相应减弱。
It notes that global interest rates are still well below nominal GDP growth (see chart), whereas throughout the inflation-busting 1980s and 1990s they were mostly higher.
它注意到全球利率水平仍低于名义GDP增长率，而在通胀盛行的80年代和90年代，利率通常是更高的。
On that basis Mr White thinks the Fed was right to pursue the first round of quantitative easing, since nominal GDP was falling, but wrong to pursue a second round with activity recovering.
有基于此，怀特认为联储在名义GDP下跌时实行第一轮量化宽松是正确的，但当金融活动开始复苏后开始第二轮量化宽松就是错误的了。
Michael Buchanan, of Goldman Sachs, estimates that since 2004 China's excess credit (the gap between the growth rates of credit and nominal GDP) has risen by less than in most developed economies.
根据高盛的Michael Buchanan的估算，自2004年来，中国超额信贷量(信贷和名义GDP增速的差额)的增速要比大部分发达国家的低。
Rapid growth in nominal GDP means that asset prices do not need to fall so far to regain fair value, bad loans are easier to work off and excess capacity can be more quickly absorbed by rising demand.
名义GDP的快速增长意味着资产价格无需下调以回到均衡水平，坏账更容易被抵消，日益增长的需求也能迅速的吸收过剩的产能。
Persistently negative nominal GDP growth tied to a global economic slowdown and intensifying deflation is a phenomenon not seen globally since the Great Depression.
自大萧条以来，世界上还从未出现过全球经济下滑和通缩加深导致名义GDP持续负增长的情况。
If nominal GDP fell below the target growth rate in one year, central Banks would seek to make up for that in subsequent years - in effect, following a path for overall nominal spending.
当NGDP在某年低于目标增长率时，中央银行会在接下来数年想法弥补：实际上就是通过控制名义支出以达到目标。
If nominal GDP fell below the target growth rate in one year, central Banks would seek to make up for that in subsequent years - in effect, following a path for overall nominal spending.
当NGDP在某年低于目标增长率时，中央银行会在接下来数年想法弥补：实际上就是通过控制名义支出以达到目标。
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