考同学2024-02-01 11:42:20

三级 CME 原版书后题，CME写作题型第二题-Jan Cambo那道 题干：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. 疑问：为啥宽松的财政政策对利率曲线影响不确定？政府通过发行长期国债增加政府赤字，市场债券供大于求，长端利率上升，故财政政策传导使长端利率上升。这样理解是否准确？ 另外，这题怎么还说到了私人部门信贷可以对冲宽松财政政策？是什么个机制？