问题如下:
Based on the following table:
Which Country has the highest real short-term interest rates?
选项:
A.Country A
B.Country B
C.Country C
解释:
B is correct.
考点:Default-free interest rates and economic growth.
解析:关于default-free interest rates and economic growth 有2个结论:1,higher trend real economic growth, higher real default-free interest rates. 2, GDP growth is more volatile, real interest rates are higher.
这道题就是考察这2个结论的,国家A和B都有很高的GDP增长率,7.5%-4.9%=2.6%, 6%-3.4%=2.6%。所以再看GPD的波动,很明显国家B的波动最高,所以选B。
real rate不是等于nominal rate+inflation rate吗?讲义里没说明与波动率的关系