紧缩通货

This paper,at first,expounds the view of "structure fluidity trap"of our country denizen's curre...

文章首先对当前转型期我国存在的居民货币需求"结构性流动陷阱"形成原因进行分析，其次，依据这个观点对我国近年来出现的通货膨胀和通货紧缩的基本原因和特点进行深入的分析和系统的研究，并就我国未来短期内物价走势进行分析和预测。

To emerge from this situation the government took steps to expand domestic demand and turned determinately from a moderately contractive monetary and fiscal policy to an active fiscal policy and a steady monetary policy.

这两次成功的宏观调控，使我国既积累了有效抑制通货膨胀，实现"软着陆"的经验，又创造了扩大国内需求，有效治理通货紧缩的经验。

The development degree of commodity market is rather high,the form of disequilibrium is deflation and overproduction.

商品市场的发育程度已相当高，其非均衡形式是通货紧缩和生产过剩。

In the past years, a sharp disinflation has appeared largely because of tight money policies.

这几年出现了明显的通货收缩，很大程度上是由于采取了货币紧缩政策。

This approach implies that disinflation can be achieved by a short run but large increase in unemployment, or by a longer and smaller increase in unemployment.

这种方法反映了通货紧缩可以在短期内达到，但失业的大量增加或者失业获得长期的小幅度的失业人口的增加。

Disinflation of the early 1980s, during which inflation decrease by approximately 10%, was associated with a large recession, and its unemployment cost was close to the prediction of the traditional approach.

在通胀率下降了大约10%的时期，20世纪80年代早期美国的通货紧缩，与大的经济衰退是有关系的，而且其失业费用接近于通用的方法。

Money held by households and firms is contracting - a harbinger of disinflation and slump.

家庭和商户所持有的现金在缩水，这预示着通货紧缩和经济萧条。

In its extreme form, this alternative view implies that if policy is fully credible, it can achieve disinflation at no cost in unemployment.

在它的极端形式下，这种观点暗示如果政策相当可靠，它可以不以失业为代价取得通货紧缩。

The traditional approach to disinflation assumes that people do not change the way they form expectations when monetary policy changes, so that the relation between inflation and unemployment is unaffected by the change in policy.

通货紧缩的通用方法是假设当货币政策变动时，人们不会改变他们形成预期的方式，所以通货膨胀与失业之间的关系没有受到政策变动的影响。

An alternative view of disinflation is as follows: if the change in monetary policy is credible, expectation formation may change, leading to a smaller increase in unemployment than predicted by the traditional approach.

通货紧缩的另一种观点如下：如果货币政策的变动是可信的，预期的形成是可以改变的，通过通用方法导致了与预期的失业相比有一个较小幅度的增长。

As she looked at Warrington's manly face, and dark, melancholy eyes, she had settled in her mind that he must have been the victim of an unhappy attachment.

每逢看到沃林顿那刚毅的脸，那乌黑、忧郁的眼睛，她便会相信，他一定作过不幸的爱情的受害者。

Maybe they'll disappear into a pothole.

也许他们将在壶穴里消失