正向冲击 meaning in English

normal shock

The thesis has four chapters as follows : the summary and reviews of theories and empirical literature on the asymmetric effect of interest rate policy , the empirical analysis on the asymmetric effect of interest rate changes , the deeper analysis for the effect of interest policy during inflation period and recession period , conclusions and suggestions . the first chapter mainly reviews the theories and empirical literature on the asymmetric effect of interest rate policy . in the first part of this chapter , i summarize the overseas research and find that the research on this topic can be traced back to 1993 , and most of empirical researches support the viewpoint that the increase in interest rate will impose more impact on economy than decrease in interest rate
在具体的结构安排上,全文共分为四章,现将各章节的主要内容和观点分述如下:论文第一章:本章第一节首先综合归纳了国外关于利率作用于产出和物价的主要传导渠道;接着就国外对“利率冲击”效应的现有研究成果进行了一个简要回顾: 1993年d . p . morgan率先将利率变量引入货币政策效应的非对称性研究中,随后一些学者就利率变量对产出、就业、物价的冲击效应分别予以了实证研究,研究结果表明:正、负利率冲击效果具有非对称性? ?利率正向冲击对因变量的作用强于利率负向冲击对因变量的作用。