作业帮 > 英语 > 作业

英语翻译This monetary policy strategy involves a closed circle o

来源:学生作业帮 编辑:作业帮 分类:英语作业 时间:2024/05/18 00:29:54
英语翻译
This monetary policy strategy involves a closed circle of interconnections in the model between the instruments of monetary policy and some intermediate variables on the one hand and between these last variables and the policy objectives in the real sector (production,employment and so on) on the other hand.Because monetary actions of the authorities operate upon economic activity with substantial but variable time lags,monetary authorities cannot observe an immediate impact of their actions on the ultimate policy targets in the real sector of the economy.Therefore monetary policy makers introduce the following pragmatic indicator-operational target-approach to improve the implementation of monetary policy.Because there is in practice a lack of information about the complicated transmission processes,through which the ultimate effects of monetary actions are spread throughout the period concerned,the authorities introduce two intermediate variables,Le.The operational target and the indicator.
如果译的好,
货币政策包括两个方面,一个方面是政策的手段和一些中间变量之间的关系,另一方面是最后变量和政策在生产、职业等现实生活中的目的之间的关系.这两个方面构成了一个闭合的相互关联的体系.因为当局的金融措施对经济活动的影响是很大的,但是措施与影响之间存在时间差.金融主管当局没有办法知道在现实的经济活动中他们的政策对其目标有什么直接的影响.因此货币政策的制定者介绍见效快的指示器,运作目标,以使货币政策得到更好的执行.因为实际上缺少有关复杂的政策执行过程的介绍,而在这个过程中金融措施的最后影响已经成为事实,所以当局介绍两个中间变量:实行目标和指示剂