world inflation

Indeed, there is growing unease among central bankers that the collective effect of national monetary policies may have contributed to today's frothiness in markets round the world and that this may lead to either higher inflation or a financial crisis when bubbles eventually burst.

事实上，中央银行正在感到越发不安，因为各个国家货币政策的混合效果有可能导致全球市场的泡沫化，当泡沫破裂使，这将可能产生更高的通货膨胀或者金融危机。

Currency inflation has been a worldwide difficulty, since the globalization of world in last century.

由于全球化发展，20世纪以来，通货膨胀已成为世界上所有国家的共同难题。

As Joachim Fels of Morgan Stanley argued on this page last week, the world is entering a phase in which we can no longer take low inflation for granted.

摩根士丹利（morgan stanley）经济师方艾硕（joachim fels）上周在本报撰文指出，世界正进入这样一个阶段我们再也不能将低通胀率视为理所当然。

But he said for now, fighting inflation remained the top priority in most of the developing world.

但他称，就目前而言，遏制通胀仍是多数发展中国家的头等大事。

This world is one divided not just between countries with fast and slow growth, but also those with low and high inflation.

当今世界不仅可以按照增长速度的快慢划分，还可以按通胀水平的高低来区分。

The United States use dollar international advantage to receive the "seigniorage". In addition, The United States output its domestic inflation to the world in order to achieve its own economic growth and price stability for the purpose.

美国利用美元的国际化优势，向全世界收取铸币税，同时又向全世界输出国内的通货膨胀，以达到促进其自身经济增长、稳定物价的目的。

The world may see low growth or high inflation but probably not sustained stagflation in any large economy.

世界或许出现低增长或高通胀的情况，但可能大型经济体都不会出现持续滞胀的局面。

After World War Two, theory of relation between inflation and unemployment in the west developed greatly.

二战后西方通胀与失业关系理论有了重大发展。