But, he pointed out, interest rates are constrained by the zero lower bound.
但是,他指出利率被零下线制约。
Finally, central Banks can try to circumvent the zero lower bound by buying long-term debt.
最后,央行可以试着通过购买长期债来绕过不能低于零利率的约束。
Certainly, we could expect China to hit the zero lower bound on interest rates and to begin QE.
当然,我们可以期待中国触底零利率,然后开始量化宽松。
Ah: in this post on interest rates and inflation, I neglected to point out that right now we're not on the Taylor rule line, because of the zero lower bound.
呃:在《利率和通货膨胀》这篇文章里,我忘了指出,因为零下限,所以我们现在并不在泰勒规则线上。
The whole point of that paper was that when you're up against the zero lower bound, it doesn't matter how much money you print - not unless you credibly promise higher inflation.
那篇文章的全部观点就在于当我们反对零成交下界的时候,你印刷多少钞票都无所谓,但除非你可信地给出了一个更高的通货膨胀预期。
The whole point of that paper was that when you're up against the zero lower bound, it doesn't matter how much money you print — not unless you credibly promise higher inflation.
那篇文章的全部观点就在于当我们反对零成交下界的时候,你印刷多少钞票都无所谓,但除非你可信地给出了一个更高的通货膨胀预期。
Ah: in this post on interest rates and inflation, I neglected to point out that right now we're not on the Taylor rule line, because of the zero lower bound. The picture looks like this.
呃:在《利率和通货膨胀》这篇文章里,我忘了指出,因为零下限,所以我们现在并不在泰勒规则线上。
It may not be zero, but there is still a lower bound to interest rates.
虽然底线不再是零,但利率下限仍将存在。
The pressure in a perfect gas, being directly proportional to the kinetic energy of the molecules, has a lower bound of zero.
理想气体的压力与分子的动能成正比,它的下限为零。
The pressure in a perfect gas, being directly proportional to the kinetic energy of the molecules, has a lower bound of zero.
理想气体的压力与分子的动能成正比,它的下限为零。
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