| 词汇 | example_english_monetary-equilibrium |
| 释义 | monetary equilibriumcollocation in Englishmeanings of monetaryand equilibriumThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with equilibrium. monetary adjective uk /ˈmʌn.ɪ.tri/ us /ˈmɑː.nə.ter.i/ finance & economics relating to the money in ... See more at monetary equilibrium noun[S or U] uk /ˌek.wɪˈlɪb.ri.əm/ us /ˌiː.kwəˈlɪb.ri.əm/ a state ... See more at equilibrium Examples of monetary equilibriumThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Thus, both varieties of household face the same interest rates as in the monetaryequilibrium. We have shown that this implies a unique level of demand for cash reserves, which in turn generates a unique stationary monetaryequilibrium. Section 2 reviews a barter equilibrium and a stationary monetaryequilibrium in the standard search model of money with divisible commodities. Hence, as approaches 1, it becomes more difficult to sustain a constrained monetaryequilibrium where a seller's net surplus from trade is zero. This kind of coordination failure causes the issue of "too much" money and hence the collapse of any potential monetaryequilibrium. I first characterize the steady state consistent with the monetaryequilibrium as defined above. Both corner outcomes exist, the monetaryequilibrium e = 1 always, and the nonmonetary intermediated equilibrium whenever e = 0 and (e) = 1/2. For simplicity, we view a monetaryequilibrium without binding reserve requirements as one in which the reserve requirement is zero. Section 3 characterizes a monetaryequilibrium that takes into account the transition from barter to fiat money, including the transition dynamics of prices. We also show that any monetaryequilibrium with binding reserve requirements can be supported by a nonmonetary equilibrium featuring a lump-sum social security system with a deposit tax. This also implies that, to sustain the monetaryequilibrium, the government is required to be more involved or credible and more patient than without the possible breakdown in fiat money. Finally, observe that the proposition does not imply that whenever there is a monetaryequilibrium, welfare is lowest for any participation in the costly intermediation technology. Because of the trading externality, the monetary outcome with some intermediation is still dominated by the monetaryequilibrium with only random matching, as in the preceding section. To sustain a monetaryequilibrium, therefore, the government is required to be more patient and more credible than in the model economy where price is fixed. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of monetary Go to the definition of equilibrium See other collocations with equilibrium |
反思网英语在线翻译词典收录了377474条英语词汇在线翻译词条，基本涵盖了全部常用英语词汇的中英文双语翻译及用法，是英语学习的有利工具。