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.“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.”
本题以上叙述是否同时符合External Debt Sustainability Approach以及Reduced-form Econometric Model 的表述？尤其是关于“ a country’s net foreign asset position”这一点。
谢谢！
