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苏·Xu · 2020年10月06日

问一道题:NO.PZ2016010801000086 [ CFA I ]

问题如下:

The central bank of Country A has an expansionary monetary policy and set a 5% policy rate. Assume A has real trend rate of economic growth of 2.2%, the inflation target is most likely:

选项:

A.

smaller than 2.3%.

B.

larger than 2.3%.

C.

equal to 2.3%.

解释:

B is correct. An expansionary monetary policy is characterized by a policy rate that is below the neutral rate. Note that neutral rate = trend rate + inflation target = 2.2%+ inflation target > 5%, therefore the trend rate should be larger than 2.3%.

考点:中性利率

解析:扩张性货币政策的特点是政策利率低于中性利率。注意,中性利率=趋势利率+通胀目标= 2.2%+通胀目标> 5%,因此趋势利率应该大于2.3%

这道题不严谨吧?大于2.3%不一定大于2.8%啊?比如取2.5%,大于2.3%,但是就不正确不是吗?
1 个答案

丹丹_品职答疑助手 · 2020年10月07日

嗨,努力学习的PZer你好:


同学你好,你的严谨值得钦佩,但是cfa考试是这样,偶尔会出现这种题目,建议同学从考试的角度准备,在三个选项中选择最优选项,大于2.8一定大于2.3不是吗。


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努力的时光都是限量版,加油!