The whole point of that paper was that when you 're up against the zero lower bound , it doesn 't matter how much money you print - not unless you credibly promise higher inflation .
The answer is to turn to the only institution that can credibly counter a collective loss of confidence on such a scale .
依仗于这所唯一的机构成为解决问题的答案,它能够可靠地大范围地应对信心的集体缺失。
But two things must be achieved : first , the core financial institutions must become credibly solvent ; and , second , no profit-seeking private institution can remain too big to fail .
但两件事必须完成:首先,核心金融机构必须具备可靠地偿付能力;第二,利益驱动的私人机构不能大而不倒。
Their biggest failing is common : neither has credibly specified how they would handle the fiscal reckoning that falls due before the end of the year .
In addition to the moratorium on leather from newly deforested areas , the footwear makers have also demanded that suppliers bring in a stringent traceability system within a year , which will " credibly " guarantee the source of all leather .
Having failed to pass a major climate change bill , the u.s. negotiators will in effect have one arm tied behind their back , unable to credibly make demands without evidence that united states is also stepping up to deal with the problem .
Another advantage is that it would make deficits credibly temporary : investment incentives are quite easy to withdraw .
另一个好处是,它会让赤字可信地短暂:投资激励相当容易收回。
Without an endorsement by those same heads of government , however , the ecb cannot credibly commit to intervening on a sufficient scale .
然而,在这些政府首脑没有批准的情况下,欧洲央行无法可信地采取足够充分的干预。
Employees could credibly convey information about themselves by gaining experience at certain companies and acquiring academic credentials .
雇员可以通过在特定公司得到的经验和在学校获得的文凭向雇主可靠地传递关于自己能力的信息。
In brief , a conditional programme of bond purchases , implemented against the opposition of the bundesbank , just cannot make the eurozone credibly irreversible .