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piupiu · 2025年07月08日

为什么不是late expansion

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NO.PZ202206070100000404

问题如下:

Tolliver’s statement is most likely:

选项:

A.correct.

B.incorrect with the phase of the business cycle.

C.incorrect with regard to monetary policy.

解释:

Solution

A is correct. The yield curve is becoming steeper for short-term rates and flattening for longer-term rates which is consistent with the early expansion phase of the business cycle. Also, consistent with the early expansion phase of the business cycle, monetary policy is becoming less stimulative.

B is incorrect. The yield curve is becoming steeper for short-term rates and flattening for longer-term rates which is consistent with the early expansion phase of the business cycle.

C is incorrect. Consistent with the early expansion phase of the business cycle, monetary policy is becoming less stimulative.

本题考查的是不同经济阶段收益率曲线的特点

A是正确的。短期利率的收益率曲线变得陡峭,长期利率的收益率曲线趋于平缓,这与商业周期的早期扩张阶段相一致。此外,与商业周期早期扩张阶段一致的是,货币政策正变得缺少刺激性。

B是不正确的。短期利率的收益率曲线变得陡峭,长期利率的收益率曲线趋于平缓,这与商业周期的早期扩张阶段相一致。

C是不正确的。与商业周期早期扩张阶段一致,货币政策正变得不那么具有刺激性。

early expansion应该继续st rate降低啊?

1 个答案

源_品职助教 · 2025年07月08日

嗨,从没放弃的小努力你好:


扩张早期,短期利率是上升的。咱们讲义和原版书都有类似表达。

可以理解为经济活跃,市场上的钱不够用了(大家都在投资),所以货币价格利率在上涨。

并且此时央行的货币政策也略微会有转向,开始变得稍微偏紧一些。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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