边际利率 marginal rate of interest
- 但所建议的新制度看似能够创造出一种可调控的小狗的早餐,其边际有效利率很有潜力增长超过100%。
But the proposed new regime looks likely to create a regulatory dog's breakfast, with effective marginal tax rates potentially rising to over 100%. - 假如边际储蓄利率将为负数,银行将会有更大的动机去借出(这就是这个方案的动机),但是实际上更多的贷款不会是这个方案的结果。
If reserves earned a negative return at the margin, banks would have more incentive to lend (which is the motivation for these proposals). But more lending might not be the outcome. - 他所说的利率等于边际资本效率,意思就是这样。
This is what he means by equality between the rate of interest and the marginal efficiency of capital.