Thus it is not a reflationary force at all .

因此，这压根算不上复苏动力。

We must avoid any risky reflationary exercise .

我们必须避免采取任何会引起通货膨胀的冒险做法。

The fed has adopted the reflationary quantitative easing measures deployed in japan between 2001 and 2006 .

美联储已采用了日本在2001年至2006年之间采取的通货再膨胀定量宽松措施。

Strictly speaking we are not even for the most part talking of reflationary packages , but simply countenancing deficits automatically produced by recession .

严格来说，我们主要不是在讨论通货再膨胀计划，而只是在认可因衰退而自然产生的赤字。

Moreover , in a practical sense , any rise in bond yields threatens to neutralise some if not all of the reflationary impact of the rate-cutting efforts by central banks .

此外，在实际意义上，债券收益率的任何提高，都有可能部分（如果不是全部）抵消各国央行降息努力的通货再膨胀效应。