术语“流通速度”的详细信息

英译术语:

circulation velocity

汉语语境:

我们认为我国货币政策效力下降的原因在于货币供给扩张受到限制和货币流通速度降低。商业银行和企业行为的变化增强了货币供给的内生性，降低了中央银行对货币供给的影响力；由于“流动性陷阱”导致了货币流通速度降低，使货币供给增加不能相应提高总需求。

英语语境:

We attribute the decreasing of monetary policy power in China to limited money supply and reduced. money circulation velocity. Changes of commercial banks and enterprises behavior strengthen the interiority of money supply and decrease effect of the center bank on money supply. Because “liquidity trap” decreases money circulation velocity, increasing money supply cannot raise aggregate demand accordingly.

英译术语:

velocity

汉语语境:

我们针对我国的具体情况,通过实证发现,长期内产出的变化与物价、货币供应量的变化没有必然的关系,货币在长期是中性的,产出的变化主要由实质部门因素确定。而无论在短期还是在长期,货币供应量的变化对物价会产生影响。在估计出经济达到均衡状态下的潜在产出增长率、物价和货币流通速度增长率后,得到货币供应量M2的合理增长目标。

英语语境:

We empirically show that there is no long-run trade-off among output, price and monetary aggregates in China, which confirms the long-run neutrality of money. Although the fluctuations of output are mainly attributed to real factors, the changes of monetary aggregates affect the price in either long run or short run. After estimating the growth rates of output, price and velocity of money reach the equilibrium, we get the reasonable growth rates of monetary aggregates.