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2\u5e74\u671f\u7f8e\u503a\u6b96\u5229\u7387<\/strong>\u4e0eEFFR\u5229\u5dee\u8d85\u8fc7150\u57fa\u70b9<\/h2>\n\n\n\n

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2\u5e74\u671f\u7f8e\u503a\u6b96\u5229\u7387\u53cd\u6620\u4ea4\u6613\u5458\u5bf9\u77ed\u671f\u5229\u7387\u672a\u6765\u8d70\u5411\u7684\u9884\u671f\uff0c\u968f\u7740Fed\u51b3\u7b56\u5b98\u5458\u660e\u767d\u8868\u660e9\u6708\u4e2d\u65ec\u5f00\u4f1a\u65f6\u5c06\u8c03\u964d\u5229\u7387\uff0c\u5bf9\u5229\u7387\u653f\u7b56\u654f\u611f\u76842\u5e74\u671f\u6b96\u5229\u7387\u8fd1\u6765\u8d70\u4e0b\u5761\u3002EFFR\u662f\u94f6\u884c\u540c\u4e1a\u95f4\u7684\u9694\u591c\u62c6\u6b3e\u5229\u7387\uff0c\u6839\u636e\u76ee\u524d\u5229\u7387\u6c34\u51c6\u800c\u5b9a\u3002<\/p>\n\n\n\n

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\u6295\u8d44\u4eba\u62c5\u5fc3\uff0cFed\u5fc5\u987b\u5927\u5200\u9614\u65a7\u964d\u606f<\/strong>\uff0c\u4ee5\u56e0\u5e94\u7ecf\u6d4e\u53ef\u80fd\u5411\u4e0b\u6c89\u6ca6\u3002\u5c3d\u7ba1\u503a\u5e02\u4ea4\u6613\u5458\u9884\u6599Fed\u5c06\u731b\u529b\u964d\u606f\u672a\u5fc5\u5c31\u610f\u5473\u8870\u9000\u5c06\u81f3\uff0c\u4f46\u8fd9\u663e\u793a\u5e02\u573a\u8ba4\u4e3a\u8fd9\u6ce2\u8d27\u5e01\u653f\u7b56\u8c03\u8f6c\u5c06\u53c8\u5feb\u53c8\u731b\uff0c\u4e00\u5982Fed\u5f53\u5e74\u5bf92008-2009\u91d1\u878d\u5371\u673a\u7684\u53cd\u5e94\u4e00\u822c\u3002<\/p>\n\n\n\n

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\u76ee\u524d\u5229\u7387\u4e0e\u5229\u7387\u9884\u671f\u4e4b\u95f4\u7684\u843d\u5dee\u4e3a\u4f55\u8fd9\u4e48\u5927\uff1f\u786e\u5207\u539f\u56e0\u5c1a\u4e0d\u660e\u30022008\u5e74\u90a3\u6ce2\u91d1\u878d\u5371\u673a\u88ab\u89c6\u4e3a\u6240\u8c13\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u8870\u9000\uff08balance-sheet recession\uff09\uff0c\u5728\u90a3\u79cd\u60c5\u51b5\u4e0b\uff0c\u6d88\u8d39\u8005\u548c\u4f01\u4e1a\u90fd\u52aa\u529b\u51cf\u503a\uff0c\u5bfc\u81f4\u7ecf\u6d4e\u666f\u6c14\u4e0b\u6c89\uff1b\u7136\u800c\uff0c\u76f8\u5f62\u4e4b\u4e0b\uff0c\u6b64\u523b\u7f8e\u56fd\u7684\u4f01\u4e1a\u548c\u5bb6\u5ead\u8d1f\u503a\u5e76\u4e0d\u7279\u522b\u6c89\u91cd\u3002<\/p>\n\n\n\n

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Principal\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\u9996\u5e2d\u5168\u7403\u7b56\u7565\u5e08\u838e\u8d6b\u8bf4\uff0c\u5386\u53f2\u663e\u793a\uff0cFed\u82e5\u80fd\u6210\u529f\u907f\u514d\u7ecf\u6d4e\u300c\u786c\u7740\u9646\u300d\u3001\u4fc3\u6210\u300c\u8f6f\u7740\u9646\u300d\uff0c\u7f8e\u80a1\u547d\u8fd0\u5c06\u5927\u4e0d\u76f8\u540c\u3002<\/p>\n\n\n\n

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