excess-demand inflation

基本解釋

Inflation is only 1.4% and China has a widening current-account surplus, which implies excess supply rather than excess demand.
通脹率只是1.4%。擴(kuò)大的經(jīng)常項(xiàng)目盈余暗示著超額生產(chǎn)而不是超額需求。
Inflation is only 1.4% and China has a widening current-account surplus, which implies excess supply rather than excess demand. Nor do asset price gains look particularly excessive.
通脹率僅為1.4%，經(jīng)常賬戶盈余不斷擴(kuò)大，這意味著供給過剩而非需求過度。

One more reason not to lose sleep over the surge in oil prices is that, unlike the rises in the 1970s, it has not occurred against the backdrop of general commodity-price inflation and global excess demand.
ECONOMIST: Oil’s pleasant surprise
Then, excess demand resulted in higher inflation, huge current-account deficits and rampant asset-price inflation.
ECONOMIST: China's economy
As stockmarkets rally on a belief that the central bank has acted pre-emptively and quashed any prospect of inflation, looser financial conditions could fuel the very excess demand that the Fed is trying to reign in.
ECONOMIST: Monetary policy isn’t getting any easier