In other words , mr mishkin suggests the fed should cut interest rates before a deflating housing bubble affects the real economy , even though it resisted acting before an inflating bubble created dangerous economic distortions 换句话说，米什金先生建议联储在膨胀型泡沫给经济制造危险的混乱以前按兵不动，但应该在收缩型房市泡沫影响到实体经济以前降息。
We must correctly handle the relationships of development between the high and new technology industries and traditional industries , between capital - and - technology - intensive industries and labor - intensive industries and between virtual economy and real economy 正确处理发展高新技术产业和传统产业、资金技术密集型产业和劳动密集型产业、虚拟经济和实体经济的关系。
Enterprise is a main part of the real economy weather it make full use of the direct financial way may reflect obviously the development degree of fictitious economy , which is of vital importance to the real economy 而作为实体经济运行主体的企业，它在直接融资市场上的融资效果直接体现了虚拟经济的发展程度，这关系到是否与实体经济协调发展，并为社会各方面带来良性效应。
Monetary policy is generally transmitted from financial sector , financial markets through interest rate , credit and asset price channels , affecting investment , consumer , import and export , at last the real economy 一般来说，货币政策可以通过利率、信贷、资产价格等渠道，经过金融部门、金融市场，作用于投资、消费和进出口三个变量，进而影响实体经济，发挥其调节宏观经济的功能。
Eventually , of course , if one maintains an absurdly soft monetary policy for long enough , the cheap money will trickle through the financial sector to the rest of the economy , but at the cost of higher inflation and reduced purchasing power 当然最终，如果央行将宽松得离谱的货币政策维持足够长时间，那么廉价资金将通过金融领域慢慢渗入实体经济的其它领域，但代价是通胀加剧、购买力下降。
Then based on analysis of china ’ s monetary regulation system and internal fund movement system in capital market , the author comes up with the opinion that asset price should be a reference parameter for china ’ s monetary authorities " judgment system 货币政策通过影响金融市场上各种金融工具的相对价格,从而改变市场参与者和其它经济主体的经济行为,最终把货币政策的意图传导到实体经济中去。
Non - bank financial institutions can meet residents and enterprise ' s diversified financial demands , realize the basic function of the financial system to the full , improve financial efficiency and promote the development of real economy 非银行金融机构业务灵活多样，能有效满足一个不断发展的经济环境中居民和企业多样化的金融需求，全面实现金融体系的基本职能，提高金融效率，促进实体经济的发展。
China ' s exchange policy always stresses the stable exchange rate , pays more attention to the impact to economic entity that the risks caused by change in exchange rate , moreover , and chronically carries out the exchange policy to closely follow us dollar 摘要我国的汇率政策长期以来过分强调汇率稳定，过多考虑汇率变动对实体经济的影响和过于注重汇率变动所带来的风险，并长期实行盯住美元的汇率政策。
