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YYJ · 2024年04月20日

日本不就是负利率么 为什么不可以呢

NO.PZ2023061903000078

问题如下:

Q. Which of the following is a limitation on the ability of central banks to stimulate growth in periods of deflation?

选项:

A.Ricardian equivalence B.Interaction of monetary and fiscal policy C.Interest rates cannot fall significantly below zero

解释:

C is correct. Deflation poses a challenge to conventional monetary policy because once the central bank has cut nominal interest rates to zero (or slightly less than zero) to stimulate the economy, they cannot cut them further.

不太理解

1 个答案

笛子_品职助教 · 2024年04月20日

嗨,努力学习的PZer你好:


负利率是指,长期国债的价格太高,由长期国债的价格倒推出长期国债隐含的到期收益率,发现到期收益率为负,这是负利率。

央行只能决定短期政策利率。短期政策利率最低为0,无法为负。

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