NO.PZ2018091701000058
问题如下:
What is difference between the yield on a zero-coupon default-free nominal bond and on a zero-coupon default-free real bond of the same maturity?
选项:
A.expectation of future inflation rate.
B.unexpectation of future inflation rate.
C.expectation and unexpectation of future inflation rate.
解释:
C is correct.
考点:Break-even inflation rates
解析:BEI的定义。其中Break-even inflation rates=expect future inflation+uncertainty of future inflation
课上不是说短期债只需补偿expected inflation rate,长期债才要在expected inflation rate基础上补偿unexpected inflation rate吗?