在monetary and fiscal policy mix下面的两个知识点:
- Effect on average level of interest rates and inflation
- Effect on slope of yield curve
问题:
- 在经典题中的一个简答题是让讨论在contraction环境中yield curve shape和policy mix的联系,可不可以根据第一个知识点得出 ”in the long run, expansionary monetary and fiscal policy mix will increase nominal interest rate“的结论?
- 上述结论如果正确,能不能说明long-term interest rate是上升的?