偏好

Liquidity preference, loanable funds, and Niall Fergusonwonkish

流动性偏好，可贷资金和尼尔。弗格森

Further, the paper develops a logically consistent and integrated model of determination of interest rate by combining the general equilibrium approach with the liquidity preference analysis centered on finance motive.

只有把一般均衡方法和基于融资动机的流动性偏好分析结合在一起，才能建立起一个逻辑统一的、完整的利率决定模型；在这一新的模型中，利率由闲置货币的供求决定。

So obviously holding liquidity provides an option for the shareholders of the bank,and such option is valuable.But its value was not referred in Keynes\'s Liquidity Preference Theory.(2) When the bank holds liquidity assets,it can catch the opportunity in the future to earn more yields.

显然，商业银行的流动性给予股东一种选择权，并且这种选择权是有价值的，但这种价值在凯恩斯的流动性偏好理论中没有提及；另一方面，持有流动性可以让商业银行在未来抓住投资机会，这是投机动机带来的收益。

On the other hand, due to the marginal utility of capital and liquidity preference of the role of two factors, the capitalists profit expectations for low, interest rates are relatively high, resulting in lack of consumer demand and investment, lack of demand, thereby determining the "laissez faire" will appear the phenomenon of mass unemployment.

另一方面，由于资本边际效用和流动性偏好两个因素的作用，资本家对于利润的预期偏低，而利息率却相对偏高，从而造成消费需求不足和投资需求不足，进而决定了"自由放任"会出现大规模失业现象。

So far, the preference for liquidity reflects the caution exercised by corporate executives in making investments－also mergers and acquisitions have picked up only quite recently.

迄今为止，对流动性的偏好反映出，公司经理层在进行投资时持谨慎态度；并购活动只是在最近一段时间有些加速。

Secondly, fund companies have to do the internal control for liquidity risk and establish a sound internal control system. On the other hand, fund managers should also improve the distribution of the assets, customer management, and ongoing customer marketing, such as the development of different products, rates and the redemption period to meet their different liquidity preference.

另一方面，基金经理还应完善资产配置，进行客户管理，并对客户进行持续的营销，为他们开发不同的产品，费率及赎回期限，满足他们不同的流动性偏好。

This paper points out that Keynes macroeconomic theory is on the basis of three major psychological law: reduced marginal propensity to consume, liquidity preference, decreased marginal efficiency of capital.

本文指出，凯恩斯的宏观经济理论以先验的三大心理规律，即边际消费倾向递减、流动性偏好、资本边际效率递减为基础，脱离资本主义深层次的经济关系和经济结构，来分析资本主义的宏观经济运行。

Logrolling allows voters to express the intensity of their preferences by trading votes .

"互投赞成票"交易理论认为投票人可以通过选票交易来表现他们的偏好程度。

As Diana Choyleva of Lombard Street Research puts it,"dirigisme tends to favour the status quo."

正如伦敦金融中心研究所戴安娜·乔伊利瓦所指出的那样，"政府对国民经济的干预或统制倾向于偏好现状"。

Financial assets, predominantly long-dated Treasurys, which investors often turn to as a haven investment in times of uncertainty.

不过，5月份风险偏好的上升促使外国投资者卖出美国金融资产，尤其是长期美国国债。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。