monetization of public debt; debt monetization

简明释义

公债货币化

英英释义

例句

1.The government resorted to monetization of public debt to finance its infrastructure projects.

政府通过公共债务的货币化来为基础设施项目融资。

2.During economic downturns, many countries turn to monetization of public debt as a quick fix.

在经济衰退期间，许多国家将公共债务的货币化作为快速解决方案。

3.Critics argue that debt monetization can lead to inflation if not managed properly.

批评者认为，如果管理不当，债务货币化可能会导致通货膨胀。

4.Investors are wary of monetization of public debt due to potential long-term consequences.

由于潜在的长期后果，投资者对公共债务的货币化持谨慎态度。

5.The central bank's policy of debt monetization has sparked a heated debate among economists.

中央银行的债务货币化政策引发了经济学家之间的激烈辩论。

作文

The concept of monetization of public debt; debt monetization is a crucial aspect of modern economics that refers to the process by which a government converts its debt into money. This is typically achieved through the central bank purchasing government bonds or securities, thereby injecting liquidity into the economy. While this strategy can provide immediate relief to a government facing financial difficulties, it also raises several important questions regarding inflation, fiscal responsibility, and economic stability.When a government opts for monetization of public debt; debt monetization, it essentially allows its existing debt to be financed by creating new money. This can be particularly appealing during times of crisis, such as during a recession or a global pandemic, when traditional sources of revenue may be dwindling. By printing more money, the government can fund essential services, stimulate economic growth, and support citizens in need. However, this approach is not without its risks.One of the primary concerns associated with monetization of public debt; debt monetization is the potential for inflation. When more money enters circulation without a corresponding increase in goods and services, the value of money can decrease, leading to rising prices. This phenomenon can erode purchasing power, disproportionately affecting lower-income households who may already be struggling to make ends meet. Therefore, while monetization of public debt; debt monetization can provide short-term solutions, it is essential for policymakers to consider the long-term implications of their actions.Moreover, monetization of public debt; debt monetization can create a dependency on central bank financing. If governments become accustomed to relying on this method to fund their expenditures, they may neglect other essential fiscal responsibilities, such as managing deficits or implementing structural reforms. This could lead to a cycle of increasing debt levels and a diminished capacity to respond to future economic challenges.In addition to inflationary pressures, monetization of public debt; debt monetization can also impact investor confidence. If investors perceive that a government is excessively relying on debt monetization, they may fear that the country is not committed to maintaining sound fiscal policies. This could lead to higher interest rates, as investors demand a premium for the perceived risk of holding government bonds. Ultimately, this could limit the government's ability to finance its operations effectively.Despite these challenges, there are scenarios where monetization of public debt; debt monetization can be beneficial. For instance, during periods of economic downturn, it may be necessary to implement such measures to prevent a complete collapse of the economy. In these cases, careful management and clear communication from governments and central banks are vital to ensure that the public understands the rationale behind these decisions and the measures taken to mitigate potential risks.In conclusion, the monetization of public debt; debt monetization is a powerful tool that can provide immediate financial relief to governments in times of crisis. However, it is crucial to approach this strategy with caution, considering the broader implications for inflation, fiscal responsibility, and investor confidence. Policymakers must strike a balance between using this tool to address urgent needs and maintaining long-term economic stability. Only by doing so can governments ensure that they do not jeopardize the very foundations of their economies in pursuit of short-term gains.

“公共债务的货币化；债务货币化”是现代经济学中的一个关键概念，指的是政府将其债务转化为货币的过程。这通常通过中央银行购买政府债券或证券来实现，从而向经济注入流动性。虽然这一策略可以为面临财务困难的政府提供即时救助，但它也引发了关于通货膨胀、财政责任和经济稳定性的若干重要问题。当政府选择“公共债务的货币化；债务货币化”时，它实际上允许其现有债务通过创造新货币来融资。在危机时期，例如经济衰退或全球疫情期间，这种做法尤其具有吸引力，因为传统收入来源可能正在减少。通过印制更多货币，政府可以资助基本服务、刺激经济增长并支持需要帮助的公民。然而，这种方法并非没有风险。与“公共债务的货币化；债务货币化”相关的主要担忧之一是潜在的通货膨胀。当没有相应增加商品和服务的情况下，更多货币进入流通，货币的价值可能会降低，导致价格上涨。这种现象可能侵蚀购买力，特别影响那些已经在勉强维持生计的低收入家庭。因此，尽管“公共债务的货币化；债务货币化”可以提供短期解决方案，但政策制定者必须考虑其长期影响。此外，“公共债务的货币化；债务货币化”可能会导致对中央银行融资的依赖。如果政府习惯于依赖这种方式来资助支出，它们可能会忽视其他重要财政责任，例如管理赤字或实施结构性改革。这可能导致债务水平不断上升，并降低应对未来经济挑战的能力。除了通货膨胀压力外，“公共债务的货币化；债务货币化”还可能影响投资者信心。如果投资者认为某个政府过度依赖债务货币化，他们可能会担心该国不致力于维持健全的财政政策。这可能导致利率上升，因为投资者要求因持有政府债券的风险而获得溢价。最终，这可能限制政府有效融资其运营的能力。尽管面临这些挑战，但在某些情况下，“公共债务的货币化；债务货币化”可能是有益的。例如，在经济下行期间，实施此类措施可能是防止经济完全崩溃的必要手段。在这些情况下，政府和中央银行的谨慎管理以及清晰沟通至关重要，以确保公众理解这些决定背后的理由，以及减轻潜在风险所采取的措施。总之，公共债务的货币化；债务货币化是一个强有力的工具，可以在危机时期为政府提供即时的财务救助。然而，必须谨慎对待这一策略，考虑其对通货膨胀、财政责任和投资者信心的广泛影响。政策制定者必须在利用这一工具应对紧迫需求与维护长期经济稳定之间取得平衡。只有这样，政府才能确保在追求短期收益的过程中不危及其经济的根基。