Studies suggest a strong link between falling real interest rates and higher house prices.

研究表明，实际利率的下降与房价上涨之间存在联系密切。

American price-to-rent ratios are higher today than in the 1980s, which coincides with declines in real interest rates.

如今美国的购租比比上世纪80年代要高，而当时的实际利率正好在下降。

Fortunately, inflation reduces the real interest rate, and so most countries will gain a fiscal windfall this year.

幸运的是，通胀降低了实际利率，因此大多数国家今年将获得一笔财政意外之财。

It has some of the highest real interest rates in the world so there's a chance of a quick profit.

在这里的某些领域有着世界最高的投资回报率，因此你的钱有机会在这里迅速盈利。

Instead, expected real interest rates soared (see chart 2).

相反，预期实际利率飙升（见图2）。

Given the drop in inflation in recent months, real interest rates are rising.

鉴于近几个月通胀下降，实际利率正在上升。

" When you have a negative real interest rate, that is not a recipe for currency stability anywhere, " says Paul McNamara of GAM, an asset manager.

当实际利率为负时，这在任何地方都不是货币稳定的良方，”GAM的资产经理Paul McNamara说到。

In recent years some scholars have argued that low long-term real interest rates reflect in part the impulse to hoard safe assets as tail risks-rare but highly costly events-grow more likely.

近年来，一些学者认为，长期的低实际利率在一定程度上反映了人们囤积安全资产的冲动，因为尾部风险发生的可能性更大了，尾部风险是很少发生，但代价高昂的事件。

Whether he is right to say that it was those deficits that pushed up real interest rates in the 1980s is harder to tell; after all, deficits are even higher now and real rates are negative

是否如其所称，二十世纪80年代时正是这些赤字推动了实际利率上扬，如今更加难以分辨；毕竟当今赤字更加高额，而实际利率却为负值。