liquidity preference

基本解释

The answer is that you need to add “liquidity preference”, the supply and demand for money.
答案就是，你要把“流动性偏好”，也就是对现金的需求和供给加入考虑。
So, according to the expectations theory augmented with liquidity preference-- This strongly upward-sloping term structure in 2003 would reflect two things.
所以,根据结合了流动性偏好的,预期理论,2003年期限结构中表现出的,强烈上扬趋势反映了两方面的因素
To correct Keynes's mistake, the paper develops a new model of determination of interest rate on the basis of the liquidity preference analysis centered on finance motive.
为了修正凯恩斯的错误，本文在基于融资动机的流动性偏好分析的基础上建立起一个新的利率决定模型。
down.cenet.org.cn

So, according to the expectations theory augmented with liquidity preference-- This strongly upward-sloping term structure in 2003 would reflect two things.
所以,根据结合了流动性偏好的,预期理论,2003年期限结构中表现出的,强烈上扬趋势反映了两方面的因素
耶鲁公开课 - 金融市场课程节选

And that liquidity preference has shown up significantly lately.
FORBES: Institutional Use of ETFs Keeps Growing
And a consistent global preference for the U.S. dollar over all other currencies gives the country unique external liquidity.
WHITEHOUSE: Press Briefing

the desire to hold money rather than other assets, in Keynsian theory based on motives of transactions, precaution, and speculation