| 单词 | soft landing |
| 释义 | soft landing A successful stabilization programme which restores price stability after a period of excess demand and inflation without provoking a recession in the process. The problem with achieving this is that if restrictive monetary and fiscal policy are not tight enough, the economy will not land at all, and inflation will continue; while if restrictive policies are too energetic there will be a slump in demand before stability is restored. A soft landing is contrasted with a hard landing, when restrictive policies are used too vigorously, so that excess demand is replaced by excess supply, and there is a recession before stability is restored. |
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