Indeed, the available models tell us that, to the extent that an expansionary monetary policy actually does have an impact on the economy, its effect on the current account should not be large, because any positive effect on exports from a weaker exchange rate should be offset by larger imports due to the increase in domestic demand.
事实上，现有模型告诉我们，由于扩张的货币政策事实上却是对经济有影响，其对经常项目的效应不会很大，因为任何弱势汇率带来的积极出口效应都应该会被内需增加所引发的的进口增长抵消。