no matter how much the wealth effect of the stock market is, stimulating stock market by expansionary monetary policy in order to magnify aggregate demand is dangerous in the long run.
无论股市财富效应大小,通过货币政策刺激股票市场拉动需求的做法在长期都是不可靠的。
and maybe if the fed had pursued an expansionary monetary policy the depression would have been less severe in 1930.
如果美联储推行了扩张性的货币政策,那么1930年的经济大萧条或许不会如此严重。
banks' unwillingness to lend and their rationing behavior are the main reasons why expansionary monetary policy since 1998 did not affect real economy as effectively as expected.
商业银行贷款意愿不足和对信贷的非价格配给是1998年后我国货币扩张的效果不明显的主要原因。
when interest rates are too low, people prefer to hold cash, and expansionary monetary policy loses its effectiveness.
利率太低时,人们宁愿持有现金,最后扩张性货币政策失去了作用。
the results show that, in the currency basket exchange rate regime, expansionary fiscal policy combined with expansionary monetary policy is the better operation than others.
结果显示扩张的财政政策辅以扩张的货币政策是目前较理想的操作方式。
and those who are horrified at the idea of expansionary monetary policy have been inventing concepts on the fly to justify their position.
那些对扩张性货币政策惶惶不可终日者为维护其立场一直都在不断地发明着各种口号。
the effective of second-stage is less then expectation, it was taking a long time for cpi come out deflation, however, expansionary monetary policy play stabilizing effect on the growth rate of gdp.
第二阶段扩张的货币政策发挥的效用并没有想象中的突出,cpi在较长的一段时间才走出通货紧缩的区域,不过扩张的货币政策对经济增长的稳定发挥了一定的作用。
extrapolating from developed economy credit channel analysis, some advocate an expansionary monetary policy to offset the effect of the credit squeeze during downturns.
一种观点从成熟经济体的标準信用渠道理论推断,认为应该采取扩张的货币政策;
unfortunately, the effectiveness of expansionary monetary policy remained doubtful due to the liquidity trap and the inefficient conduction of monetary policy.
但由于我国经济陷入準「流动性陷阱」、货币政策传导机制不畅,使扩张性货币政策的有效性大打折扣。
expansionary monetary policy kept that from happening, however, as the greenspan federal reserve kept interest rates very low for a very long time.
但格林斯潘主持下的美联储实行的扩张性货币政策预防了这种情况,其措施就是在相当长时期内保持低利率。
in the past, the fed has been able to funnel the inflationary effects of its expansionary monetary policy into equity values with its low rates, which discourage saving, causing bubble after bubble.
在过去,美联储能够将其扩张性货币政策的通胀影响因其低利率而注入到权益资本中,这就抑制了储蓄,造成了一个又一个的泡沫。