Question

如果翻译的好，我会再提高悬赏的，谢谢英语达人帮我翻译，不要有道在线翻译，一点儿也不通顺

1、Quantitative easing may cause higher inflation than desired if the amount of easing required is overestimated, and too much money is created. On the other hand, it can fail if banks remain reluctant to lend money to small business and households in order to spur demand. Quantitative easing can effectively ease the process of deleveraging as it lowers yields. But in the context of a global economy, lower interest rates may contribute to asset bubbles in other economies.
2、An increase in money supply has an inflationary effect (as indicated by an increase in the annual rate of inflation). There is a time lag between money growth and inflation, inflationary pressures associated with money growth from QE could build before the central bank acts to counter them. Inflationary risks are mitigated if the system's economy outgrows the pace of the increase of the money supply from the easing. If production in an economy increases because of the increased money supply, the value of a unit of currency may also increase, even though there is more currency available.
3、For example, if a nation's economy were to spur a significant increase in output at a rate at least as high as the amount of debt monetized, the inflationary pressures would be equalized. This can only happen if member banks actually lend the excess money out instead of hoarding the extra cash. During times of high economic output, the central bank always has the option of restoring the reserves back to higher levels through raising of interest rates or other means, effectively reversing the easing steps taken.
4、On the other hand, in economies when the monetary demand is highly inelastic with respect to interest rates, or interest rates are close to zero (symptoms which imply a liquidity trap), quantitative easing can be implemented in order to further boost monetary supply, and assuming that the economy is well below potential (inside the production possibilities frontier), the inflationary effect would not be present at all, or in a much smaller proportion.
5、Increasing the money supply tends to depreciate a country's exchange rates versus other currencies. This feature of QE directly benefits exporters residing in the country performing QE and also debtors whose debts are denominated in that currency, for as the currency devalues so does the debt. However, it directly harms creditors and holders of the currency as the real value of their holdings decrease. Devaluation of a currency also directly harms importers as the cost of imported goods is inflated by the devaluation of the currency.
6、The new money could be used by the banks to invest in emerging markets, commodity-based economies, commodities themselves and non-local opportunities rather than to lend to local businesses that are having difficulty getting loans.

Answer 1

1、定量宽松政策可能导致更高的通货膨胀比预期如果数额放松要求过高，过多的货币的创造。另一方面，它可能会失败如果银行不愿意借钱给小企业和家庭以刺激需求。定量宽松政策能有效缓解“去杠杆化”过程因为它降低产量。但在全球经济中，较低的利率可能有助于在其他经济资产泡沫。

2、An increase in money supply has an inflationary effect (as indicated by an increase in the annual rate of inflation). There is a time lag between money growth and inflation, inflationary pressures associated with money growth from QE could build before the central bank acts to counter them. Inflationary risks are mitigated if the system's economy outgrows the pace of the increase of the money supply from the easing. If production in an economy increases because of the increased money supply, the value of a unit of currency may also increase, even though there is more currency available.

2、增加货币供应的通胀效应（如增加年通货膨胀率）。有一个时间滞后之间的货币增长与通货膨胀，通货膨胀压力与货币增长政策将建立之前，中央银行的行为来对付他们。通胀风险缓解如果系统的经济需求的步伐，增加货币供应的缓解。如果生产的经济增加，因为增加货币供给，价值的一个货币单位也会增加，即使有更多的货币提供的。

3、For example, if a nation's economy were to spur a significant increase in output at a rate at least as high as the amount of debt monetized, the inflationary pressures would be equalized. This can only happen if member banks actually lend the excess money out instead of hoarding the extra cash. During times of high economic output, the central bank always has the option of restoring the reserves back to higher levels through raising of interest rates or other means, effectively reversing the easing steps taken.

3、为例，如果一个国家的经济刺激显着增加输出速度至少高达的债务金额的货币，通货膨胀的压力将均衡。这只会发生如果成员银行实际上借给多余的钱而不是囤积的多余现金。在时代的高输出，中央银行总有权恢复储备回到更高水平通过提高利率或其他手段，有效地扭转了政策采取的步骤。

4、On the other hand, in economies when the monetary demand is highly inelastic with respect to interest rates, or interest rates are close to zero (symptoms which imply a liquidity trap), quantitative easing can be implemented in order to further boost monetary supply, and assuming that the economy is well below potential (inside the production possibilities frontier), the inflationary effect would not be present at all, or in a much smaller proportion.

4、另一方面，在经济的货币需求是高度弹性方面的利息，或利息率接近于零（症状，这意味着流动性陷阱），定量宽松的货币政策的实施，为进一步提高货币供应量，并假设经济是远远低于潜力（内部生产可能性边界），通货膨胀的影响将不存在，在所有，或在一个小得多的比例。

5、Increasing the money supply tends to depreciate a country's exchange rates versus other currencies. This feature of QE directly benefits exporters residing in the country performing QE and also debtors whose debts are denominated in that currency, for as the currency devalues so does the debt. However, it directly harms creditors and holders of the currency as the real value of their holdings decrease. Devaluation of a currency also directly harms importers as the cost of imported goods is inflated by the devaluation of the currency.

5、增加货币供应趋于贬值，一国的汇率与其他货币。此功能，直接出口商的好处居住在国家政策和执行债务人债务计价货币，货币贬值是如此的债务。然而，它直接危害债权人和持有货币的实际价值的降低。货币贬值也直接损害进口国的进口商品的成本是由膨胀货币的贬值。

6、The new money could be used by the banks to invest in emerging markets, commodity-based economies, commodities themselves and non-local opportunities rather than to lend to local businesses that are having difficulty getting loans.

6、新资金可用于由投资银行在新兴市场，商品经济，商品和非本地的机会而不是借钱给当地的企业很难获得贷款。

Answer 2

1、定量宽松政策可能会导致通货膨胀比预期的数额需要减轻高估了,太多的钱就产生了。另一方面,它可以失败如果银行不愿借钱给小企业和家庭为了刺激需求。定量宽松政策的过程可以有效缓解一降低杠杆风险的行为,因为它降低产量。但在经济全球化的背景下,低利率可能导致其他资产泡沫经济。

二、增加货币供应量有通货膨胀的效果(如上通过增加年度通胀率的)。有一个时间间隔的货币增长和通货膨胀,通胀压力伴随着货币增长质量能够建立在中央银行的行为来抵抗他们。如果通货膨胀的风险是减轻系统的经济增长的步伐,而货币供应量的从缓解。如果在一个地区经济增长,因为生产的货币供应量的增加,一个单位的货币的价值也会增加,虽然有更多货币可用。

三,举个例子,如果一个国家的经济刺激显著增加输出速度至少高达债务货币化的数量,通货膨胀的压力将是平等的。这只会发生如果会员银行借给多余的钱,实际上不是额外的现金囤积。高经济产出的时候,中央银行总是选择恢复储备回到更高层次的通过提高利率或其他方法,有效缓解措施逆转。

4,另一方面,当货币需求经济高度连接就利率,或利率接近零(的症状,意味着流动性陷阱),可以实现定量宽松政策以促进货币供给,以及假设,大大低于潜在经济(内部生产可能性边界),通货膨胀的效果并不会出席所有,或在一个更小的比例。

5、增加货币供给的趋向于一个国家的汇率贬值对其他货币。这一特点的质量直接受益居住在这个国家的出口商和债务人履行债务的质量保证书,货币,因为货币贬值那么债务。然而,它直接损害债权人和持有的货币作为记帐本位币,但是他们所持有的真正价值下降。一种货币贬值,还直接危害进口商进口货物的价格膨胀的货币贬值。

六、新钱能被用于投资银行在新兴市场经济体汇价,商品本身及非本地的机会,而不是贷款给当地企业的贷款有困难。