使通货膨胀

China has been the first biggest foreign exchange reserved country in the world. With increase of foreign exchange reserve, for the stable of RMB valuta and relieve the international upvalue stress from foreign exchange market for foreign supply is more than need, central bank have to purchase foreign currency for forming huge money supply amount and increase inflation stress.

随着外汇储备的增长，为了维持人民币币值的稳定，减轻外汇市场上由于外汇供给大于需求而产生的人民币升值压力，央行不得不购进外汇，投放基础货币，从而使外汇占款大幅增加，形成巨大的货币供应量，加大通货膨胀的压力。2004年物价的大幅上涨，和外汇储备的快速增长密不可分。

Inflation has been whittling away their savings.

通货膨胀使他们的积蓄不断减少。

Dixit, A and Luisa Lambertini (2001)"Monetary-fiscal policy interactions and commitment versus discretion in a monetary union."

Dixit和Lambertini (2003)提出了两个解决&财政-货币&博弈不合作的问题的方案：一个方案是设法使财政部和中央银行的目标相同，当两者拥有相同效用函数时，面对时间不一致问题，次优解是可以得到的；第二种方案是认为只要财政部和中央银行的目标完全分离，即财政部专职管理产出，中央银行专职管理通货膨胀，问题同样迎刃而解。

Although have global economy " dangerous " expostulatory and advanced, aurora borealis invests copartner week to cultivate ornamental columns erected in front of palaces to show, the new economy of game industry is characteristic, make its can accomplish pay attention to one's own moral uplift without thought of others,"No matter be inflation,still be deflationary, game line of business won't get very big impact."

尽管有全球经济&危险&的忠告在前，北极光投资合伙人周树华表示，游戏行业的新经济特性，使其可以做到独善其身，&不管是通货膨胀还是通货紧缩，游戏业都不会受到很大的影响。&

Joachim Fels and Manoj Pradhan, of Morgan Stanley, have made a stab at estimating neutral interest rates, ie, the short-term rates that would keep GDP growing at its trend pace and inflation on a stable path. The results are startling.

摩根斯坦利的Joachim Fels和Manoj Pradhan对中性利率（neutral interest rates，使GDP保持趋势增长率而通货膨胀率保持稳定的短期利率）做了一个粗略的估计，结果令人吃惊。

I decided it would have to do with getting out of a bad market quickly,and that a nonliquid investment would create problems.

我是说，如果主要投资当地不动产且通货膨胀已经使货币价远高于黑市价，投资者会感到不稳定，这样一来，结束投资就成为投资者的首选了。

A:i can usually pick up on an underlying problem,even of its not too obvious.i recall an investment banker who visited our realestatefinance class and asked us what might cause the tokyo investment community a problem in attracting local investment dollars.a number of finance m.b.a.s in the class started trying to think of some complicated set of reasons.i decided it would have to do with getting out of a bad market quickly,and that a nonliquid investment would create problems.i said investors would be unsettled if the primary investment is local real setate and inflation has caused the paper value to exaggerate the real street value.as it ended up,that was the answer he wanted.

答：通常我能找出潜在的问题，即使问题并不显眼。我想起一位投资银行家，他听过我们的金融不动产课程，并问我们为什么东京投资集团难以吸引当地投资。许多工商管理硕士尝试从一系列复杂的原因去思考，但我认为这与迅速摆脱市场不利因素有关，是非流动性投资引发的问题。我是说，如果主要投资当地不动产且通货膨胀已经使货币价远高于黑市价，投资者会感到不稳定，这样一来，结束投资就成为投资者的首选了。

Lower oil and commodity prices ought to benefit China and India, by lowering import bills and assuaging worries about inflation.

石油和商品价格下降可以降低进口成本，减少人们对通货膨胀的担忧，这本来会使中国和印度受益。

The exploding price of oil, meanwhile, cripples transport firms and fuels inflation for everything that has to be moved around.

当今飞涨的油价，使运输公司步履艰难，并刺激了一切需要运输的商品的通货膨胀。

This urge to shore up wealth is self-defeating in aggregate, as it curbs spending and incomes.

通货膨胀的消失使他们的抵押债务所面临的形势变得相当严峻。

With Death guitarist Schuldiner adopting vocal duties, the band made a major impact on the scene.

随着死亡的吉他手Schuldiner接受主唱的职务，乐队在现实中树立了重要的影响。

But he could still end up breakfasting on Swiss-government issue muesli because all six are accused of nicking around 45 million pounds they should have paid to FIFA.

不过他最后仍有可能沦为瑞士政府&议事餐桌&上的一道早餐，因为这所有六个人都被指控把本应支付给国际足联的大约4500万英镑骗了个精光。