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刘杨 · 2024年04月02日

请问这个题对应的知识框架在哪呢

NO.PZ2023041102000016

问题如下:

Thibodeaux explains that knowing what establishes a currency’s real long-term equilibrium value helps investors manage risk exposure.

“To better serve our clients and maximize the performance of our investment fund we need to be able to filter out the short term noise in exchange rates so that we can better understand their likely direction over the long term.”

He notes that the International Monetary Fund (IMF) uses a three-pronged approach to assess the long-run equilibrium value of exchange rates.

“Of the three, I prefer the approach that is based on several economic factors including trends in a country’s net foreign asset position and terms of trade.”

The approach preferred by Thibodeaux to assess the long-run equilibrium value of exchange rates is best described as the:

选项:

A.reduced-form econometric model. B.macroeconomic balance approach. C.external sustainability approach.

解释:

The approach preferred by Thibodeaux is the reduced-form econometric model which seeks to estimate the equilibrium path that a currency should take on the basis of the trends in several key macroeconomic variables, such as a country’s net foreign asset position, terms of trade, and relative productivity. The approach combines elements of both the current account imbalance of the macroeconomic balance approach and the capital account focus of the external sustainability approach.

RT,谢谢

1 个答案

笛子_品职助教 · 2024年04月03日

嗨,努力学习的PZer你好:


请问这个题对应的知识框架在哪呢


Hello,亲爱的同学~

这题对应我们框架图讲义的第8页,知识点为评估汇率的长期fair value。



这里给出了判断是均衡汇率的三个标准,分别是:

经常账户平衡。

外债占GDP的比例,长期可持续。

用宏观变量来评估汇率均衡的路径。





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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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NO.PZ2023041102000016 问题如下 Thiboaux explains thknowing whestablishes a currency’s relong-term equilibrium value helps investors manage risk exposure.“To better serve our clients anmaximize the performanof our investment funwe neeto able to filter out the short term noise in exchange rates so thwe cbetter unrstantheir likely rection over the long term.”He notes ththe InternationMonetary Fun(IMF) uses a three-prongeapproato assess the long-run equilibrium value of exchange rates.“Of the three, I prefer the approathis baseon severeconomic factors inclung tren in a country’s net foreign asset position anterms of tra.”The approapreferreThiboaux to assess the long-run equilibrium value of exchange rates is best scribethe: A.receform econometric mol. B.macroeconomic balanapproach. C.externsustainability approach. The approapreferreThiboaux is the receform econometric mol whiseeks to estimate the equilibrium path tha currenshoultake on the basis of the tren in severkey macroeconomic variables, sua country’s net foreign asset position, terms of tra, anrelative proctivity. The approacombines elements of both the current account imbalanof the macroeconomic balanapproaanthe capitaccount focus of the externsustainability approach. “Of the three, I prefer the approathis baseon severeconomic factors inclung tren in a country’s net foreign asset position anterms of tra.”本题以上叙述是否同时符合ExternSustainability Approach以及Receform Econometric Mol 的表述?尤其是关于“ a country’s net foreign asset position”这一点。谢谢!

2024-04-10 10:10 1 · 回答