问题如下图：为什么后面两个答案错误，通货膨胀跟干预的关系是？
选项：
A. 
B. 
C. 
解释：
源_品职助教 · 2019年10月02日
冲销干预是政府管理汇率的重要手段之一；是指货币当局在外汇市场上进行结汇售汇的同时，通过其它货币政策工具（如国债市场上的公开市场业务）来抵消货币当局外汇交易对货币供应量的影响，使货币供应量维持不变的外汇市场干预行为。
非冲销干预是指中央银行在干预外汇市场时不采取其他金融政策与之配合，即不改变因外汇干预而造成的货币供应量的变化。
如果不考虑通货膨胀，政府采取非冲销干预，扩大货币供给，鼓励短期利率下行。利率降低可以阻碍资金流入。如果考虑通货膨胀，就需要采取冲销干预。
而当货币发生贬值时候，就会影响干预的效果，所以B不如选。
这部分知识点现在基本不考察了，了解即可。
PULL 和PUSH两个因素都会造成本币的泡沫升值，两者之间没有可比性所以C选项也不入选。
NO.PZ2018091706000056 问题如下 The emerging market country is more likely to engage in sterilizentervention if its: A.inflation rate ishigh B.currenisunrvalue C.currenappreciationis causepush factors rather thpull factors Acountry woullikely choose sterilizeintervention if it ha highinflationrate, because unsterilizeintervention woula to the monetary baseanossibly increase inflationary pressures. B is incorrebecause anunrvaluecurrencyis likely to lessen the probability of intervention,sterilizeor unsterilize in response tocapitinflows. C is incorrectbecause both push anpull factors cleto bubblecontions, excessiveexchange rate appreciation, anthe unwantebuilup ofexcessive speculativepositions.解析如果一个国家的通胀率很高，它很可能会选择冲销干预，因为未冲销干预会增加货币供给量，从而增加通胀压力。A正确。B是不正确的，因为被低估的货币可能会降低干预的效用，无论是冲销的还是未冲销的干预。C是不正确的，因为push以及pull因素都可能导致泡沫状况、汇率过度升值，以及不必要的过度投机仓位。 可以一下为什么inflation高的时候用冲销干预吗 不理解这个传导机制 可否举一个例子 谢谢
NO.PZ2018091706000056问题如下 The emerging market country is more likely to engage in sterilizentervention if its: A.inflation rate ishigh B.currenisunrvalueC.currenappreciationis causepush factors rather thpull factors Acountry woullikely choose sterilizeintervention if it ha highinflationrate, because unsterilizeintervention woula to the monetary baseanossibly increase inflationary pressures. B is incorrebecause anunrvaluecurrencyis likely to lessen the probability of intervention,sterilizeor unsterilize in response tocapitinflows. C is incorrectbecause both push anpull factors cleto bubblecontions, excessiveexchange rate appreciation, anthe unwantebuilup ofexcessive speculativepositions.解析如果一个国家的通胀率很高，它很可能会选择冲销干预，因为未冲销干预会增加货币供给量，从而增加通胀压力。A正确。B是不正确的，因为被低估的货币可能会降低干预的效用，无论是冲销的还是未冲销的干预。C是不正确的，因为push以及pull因素都可能导致泡沫状况、汇率过度升值，以及不必要的过度投机仓位。 C说的push 和pull factor是什么意思？在哪里有提及？
NO.PZ2018091706000056 问题如下 The emerging market country is more likely to engage in sterilizentervention if its: A.inflation rate ishigh B.currenisunrvalue C.currenappreciationis causepush factors rather thpull factors Acountry woullikely choose sterilizeintervention if it ha highinflationrate, because unsterilizeintervention woula to the monetary baseanossibly increase inflationary pressures. B is incorrebecause anunrvaluecurrencyis likely to lessen the probability of intervention,sterilizeor unsterilize in response tocapitinflows. C is incorrectbecause both push anpull factors cleto bubblecontions, excessiveexchange rate appreciation, anthe unwantebuilup ofexcessive speculativepositions.解析如果一个国家的通胀率很高，它很可能会选择冲销干预，因为未冲销干预会增加货币供给量，从而增加通胀压力。A正确。B是不正确的，因为被低估的货币可能会降低干预的效用，无论是冲销的还是未冲销的干预。C是不正确的，因为push以及pull因素都可能导致泡沫状况、汇率过度升值，以及不必要的过度投机仓位。 请问冲销干预是什么意思呢
NO.PZ2018091706000056 问题如下 The emerging market country is more likely to engage in sterilizentervention if its: A.inflation rate ishigh B.currenisunrvalue C.currenappreciationis causepush factors rather thpull factors Acountry woullikely choose sterilizeintervention if it ha highinflationrate, because unsterilizeintervention woula to the monetary baseanossibly increase inflationary pressures. B is incorrebecause anunrvaluecurrencyis likely to lessen the probability of intervention,sterilizeor unsterilize in response tocapitinflows. C is incorrectbecause both push anpull factors cleto bubblecontions, excessiveexchange rate appreciation, anthe unwantebuilup ofexcessive speculativepositions.解析如果一个国家的通胀率很高，它很可能会选择冲销干预，因为未冲销干预会增加货币供给量，从而增加通胀压力。A正确。B是不正确的，因为被低估的货币可能会降低干预的效用，无论是冲销的还是未冲销的干预。C是不正确的，因为push以及pull因素都可能导致泡沫状况、汇率过度升值，以及不必要的过度投机仓位。 如题
NO.PZ2018091706000056问题如下 The emerging market country is more likely to engage in sterilizentervention if its: A.inflation rate ishigh B.currenisunrvalueC.currenappreciationis causepush factors rather thpull factors Acountry woullikely choose sterilizeintervention if it ha highinflationrate, because unsterilizeintervention woula to the monetary baseanossibly increase inflationary pressures. B is incorrebecause anunrvaluecurrencyis likely to lessen the probability of intervention,sterilizeor unsterilize in response tocapitinflows. C is incorrectbecause both push anpull factors cleto bubblecontions, excessiveexchange rate appreciation, anthe unwantebuilup ofexcessive speculativepositions.解析如果一个国家的通胀率很高，它很可能会选择冲销干预，因为未冲销干预会增加货币供给量，从而增加通胀压力。A正确。B是不正确的，因为被低估的货币可能会降低干预的效用，无论是冲销的还是未冲销的干预。C是不正确的，因为push以及pull因素都可能导致泡沫状况、汇率过度升值，以及不必要的过度投机仓位。 考察的知识点是什么？在讲义什么地方？