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English to German translations [PRO]
Bus/Financial - Journalism | | English term or phrase: leaning machines | Artikel aus dem Economist, der sich mit der Rolle der Fed und anderer Notenbanken beim Entstehen von Spekulationsblasen auseinandersetzt. Der Titel des gesamten Artikels lautet: "Fast and loose: how the Fed made the subprime bust worse".
***Leaning machines***
Meanwhile, globalisation can set off a boom, in much the same way that a technological innovation can. By pushing down inflation for a while, it may reinforce the credibility of monetary policy. If it causes inflation to dip below a central bank's target, it may even prompt a cut in interest rates, making a credit and asset-price boom more likely.
All this implies that it is not enough for central banks to focus on controlling inflation in the near term; it would also be desirable for them to lean against credit and asset-price booms that appear unsustainable, as a form of insurance against a bust further down the road. The idea has a pedigree: BIS economists, in particular, have been arguing along these lines for years, finding more sympathetic ears among central bankers than among academics. |
|   Olaf ReibedanzKudoZ activityQuestions: 5573 ( 18 open) ( 5 without valid answers) ( 35 closed without grading) Answers: 3010
Argentina
| | Local time: 10:15
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| | Selected response from:
Patrick Fischer
Local time: 15:15
| Grading comment Danke an alle! Hab mich für "Gegensteuerung durch die Notenbanken" entschieden.
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Explanation:
Bei "leaning machines" fallen mir Motorräder ein, die in die Kurve liegen, besonders im Zusammenhang mit "as a form of insurance against a bust further down the road". Es fällt mir dazu aber kein exaktes Bild ein.
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| Changes made by editors |
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| Nov 8, 2007 - Changes made by Patrick Fischer: | | Created KOG entry | KudoZ term => KOG term |
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