tighten up the money supply;disinflation ;deflation;currency deflation

通货紧缩,通货收缩

The Volcker-Greenspan disinflation is dead. The Bush-Bernanke reflation is coming alive. Higher US inflation by mid-2003 baked into the cake.

沃克-格林斯潘的反通货膨胀已经成为过去,而布什-伯兰克的通货再膨胀却活跃起来。看来美国到2003年中期通货膨胀将加剧。

Not to be confused with disinflation , which is a slowing down of price rises (a fallin the inflation rate).

不可与通胀减速混淆，后者指物价上升速度放慢（即通货膨胀率减低）。

And these indicators tell a story of dramatic disinflation in the face of a week economy:

而这些指标都显示出了经济领域戏剧性的反通胀情况：

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。

The issue at this stage is not whether we have the tools to help support economic activity and guard against disinflation .

目前的问题不在于我们是否有工具来支持经济增长和防御通缩。

So what is one to make of comparisons with Germany's "competitive disinflation " of the early noughties?

那么，这种情况能否与本世纪初德国的“竞争性通胀减缓”相提并论呢？

We concur with this medium-term outlook of disinflation , although CPI inflation in the coming months could remain above 5%.

虽然将来几个月消费者价格指数可能会保持在高于5%的水平，我们同意这个反通货膨胀（disinflation）的中期展望。

His book might equally have been entitled The Age of Disinflation .

他的新书书名也可以定为《通缩年代》（TheAgeofDisinflation）。

I'll just say here that there's no price deflation going on this slump, and there's not even any disinflation going on now.

我只是说，在这次衰退中，没有价格通缩，没有任何的通化通货紧缩。

Now, if you operate an economy below trend for long periods of time, disinflation is sure to become a problem.

现在，如果你操纵经济长期低于基本趋势，通货紧缩势必成为一个难题。

They are locked into competitive disinflation against Germany, the world's foremost exporter of very high-quality manufactures.

相对于全球高品质制品的头号出口国德国，这些国家受困于竞争性通胀减缓（competitivedisinflation）之中。

At the same time, disinflation makes it cheaper to borrow in both real and nominal terms.

与此同时，无论是以实际还是名义价值衡量，反通货膨胀都令借贷成本更低廉。

To the extent that this helps contain global disinflation , it is helpful.

在某种程度上来说有助于抑制全球经济通货紧缩，这种循环是有益的。

The third "new normal" condition, after shifts in consumption and exchange rates, is disinflation .

在消费逆转和汇率变化之后，第三个“新标准”是反通胀。

We are left with his warning that the fundamental forces that delivered the era of disinflation are starting to abate.

最后，我们看到他的警告：带来通缩时代的基本动力正开始减弱。

disinflation policy

紧缩通货政策