transmission mechanism

简明释义

传动装置

英英释义

例句

1.The central bank is studying the transmission mechanism 传导机制 of monetary policy to understand how changes in interest rates affect the economy.

中央银行正在研究货币政策的传导机制 transmission mechanism，以了解利率变化如何影响经济。

2.In economics, the transmission mechanism 传导机制 explains how policy changes influence economic variables.

在经济学中，传导机制 transmission mechanism 解释了政策变化如何影响经济变量。

3.Researchers are examining the transmission mechanism 传导机制 of social networks in spreading information.

研究人员正在考察社交网络在传播信息中的传导机制 transmission mechanism。

4.The transmission mechanism 传导机制 of climate change impacts on agriculture needs further investigation.

气候变化对农业影响的传导机制 transmission mechanism 需要进一步调查。

5.Understanding the transmission mechanism 传导机制 is crucial for effective fiscal policy implementation.

理解传导机制 transmission mechanism 对于有效实施财政政策至关重要。

作文

In the field of economics, understanding the concept of the transmission mechanism is crucial for analyzing how monetary policy impacts the economy. The transmission mechanism refers to the process through which changes in monetary policy, such as alterations in interest rates or changes in money supply, affect economic activity and ultimately influence inflation and employment levels. When central banks decide to lower interest rates, for instance, they aim to encourage borrowing and spending by consumers and businesses. This is where the transmission mechanism comes into play, as it illustrates the pathway through which these changes lead to broader economic outcomes.The first step in the transmission mechanism involves the financial markets. When a central bank lowers interest rates, it usually leads to lower yields on government bonds. Consequently, investors may seek higher returns elsewhere, prompting them to invest in corporate bonds or equities. This shift in investment can stimulate growth in the stock market, leading to increased wealth for individuals and corporations alike. As people feel more financially secure due to rising asset values, they are likely to increase their consumption, thereby boosting demand in the economy.Another important aspect of the transmission mechanism is the impact on consumer and business confidence. Lower interest rates can also improve sentiment in the economy. When consumers perceive that borrowing costs are lower, they may be more inclined to take out loans for big-ticket items like homes or cars. Similarly, businesses may feel more confident in investing in new projects or expanding operations when they know that financing is cheaper. This surge in spending can further amplify economic activity, illustrating the interconnectedness of the transmission mechanism.Furthermore, the transmission mechanism also encompasses the effects on exchange rates. A decrease in interest rates can lead to a depreciation of the national currency, making exports cheaper and imports more expensive. This shift can result in an increase in export demand, contributing positively to the trade balance and stimulating domestic production. As a result, the transmission mechanism showcases how monetary policy can have far-reaching effects across various sectors of the economy.However, it is essential to recognize that the transmission mechanism is not always straightforward. Various factors, including consumer behavior, global economic conditions, and structural issues within the economy, can all influence how effectively monetary policy translates into real-world outcomes. For example, during periods of economic uncertainty or recession, consumers may choose to save rather than spend, dampening the effectiveness of lower interest rates. In such cases, the transmission mechanism may be weakened, leading to less pronounced impacts on economic growth.In conclusion, the transmission mechanism serves as a vital link between monetary policy decisions and their effects on the economy. By understanding this concept, economists and policymakers can better gauge the potential outcomes of their actions and make informed decisions. Recognizing the complexities and nuances of the transmission mechanism allows for a more comprehensive approach to economic management, ultimately leading to more effective policies that can foster sustainable growth and stability in the economy.

在经济学领域，理解“传导机制”这一概念对于分析货币政策如何影响经济至关重要。“传导机制”指的是货币政策变化（例如利率变动或货币供应量变化）如何影响经济活动，并最终影响通货膨胀和就业水平的过程。例如，当中央银行决定降低利率时，他们的目标是鼓励消费者和企业借贷和消费。这时，“传导机制”就发挥了作用，因为它说明了这些变化通过何种途径导致更广泛的经济结果。“传导机制”的第一步涉及金融市场。当中央银行降低利率时，通常会导致政府债券收益率下降。因此，投资者可能会寻求其他地方获得更高的回报，促使他们投资企业债券或股票。这种投资转变可以刺激股市增长，导致个人和企业的财富增加。随着人们因资产价值上升而感到更加财务安全，他们可能会增加消费，从而推动经济需求的增长。“传导机制”的另一个重要方面是对消费者和商业信心的影响。较低的利率也可以改善经济情绪。当消费者认为借贷成本降低时，他们可能更倾向于贷款购买大型商品，如房屋或汽车。同样，当企业知道融资成本更低时，他们可能会对投资新项目或扩大业务感到更有信心。这种消费激增进一步放大了经济活动，展示了“传导机制”的相互联系。此外，“传导机制”还包括对汇率的影响。利率降低可能导致本国货币贬值，使出口更便宜、进口更昂贵。这种变化可能导致出口需求增加，对贸易平衡产生积极影响，刺激国内生产。因此，“传导机制”展示了货币政策如何在经济各个部门产生深远影响。然而，必须认识到“传导机制”并不总是简单明了。消费者行为、全球经济状况以及经济内部的结构性问题等各种因素都可能影响货币政策如何有效地转化为现实世界的结果。例如，在经济不确定或衰退期间，消费者可能选择储蓄而不是消费，从而削弱低利率的有效性。在这种情况下，“传导机制”可能会减弱，导致对经济增长的影响不那么明显。总之，“传导机制”作为货币政策决策与其对经济影响之间的重要纽带。通过理解这一概念，经济学家和政策制定者可以更好地评估他们行动的潜在结果，并做出明智的决策。认识到“传导机制”的复杂性和细微差别，使得经济管理能够采取更全面的方法，最终导致更有效的政策，促进经济的可持续增长和稳定。