The vicious cycle of the wage-price spiral of the 1970s has not occurred as both labour and capital still believe in the inflation-fighting credibility of the central banks. 上世纪70年代工资-物价螺旋式上升的恶性循环一直没有出现,是因为劳动力和资本仍然信任各国央行抗击通胀的声誉。
In order to make the change form vicious to better, control the currency inflation, promote economical space and increase employment are the necessary measures. 要使该曲线从恶性变形转变为良性变形,必须通过控制通货膨胀率、扩展经济发展空间、增加就业率等措施来创造良好的社会预期。
The vicious inflation of JIN Dynasty was owed to the surplus fiscal demands and no credit and the fault of money measures. 金代的恶性通货膨胀主要是由过盛的财政需求、无节制的信用泛滥以及错误的货币措施共同导致的财政型通货膨胀。
, the analysis of the vicious inflation. (二)金代恶性通货膨胀的分析。
Vicious inflation will not only undermine the stable social economy development, but also the social stability. 严重的通货膨胀不但会破坏社会经济的稳定发展,而且会影响社会安定。