问题如下:
In response to the projected cyclical decline in the Eastland economy and in private sector borrowing over the next year, Hadpret expects a change in the monetary and fiscal policy mix. He forecasts that the Eastland central bank will ease monetary policy.On the fiscal side, Hadpret expects the Eastland government to enact a substantial tax cut. As a result, Hadpret forecasts large government deficits that will be financed by the issuance of long-term government securities.
Discuss the relationship between the shape of the yield curve and the monetary and fiscal policy mix projected by Hadpret.
我记得财政政策影响长期利率,并且是宽松的财政政策让长期收益率更高,这里说的是影响不明确,到底哪个对呢