问题如下图:
选项:
A.
B.
C.
解释:
老师不是说BEI是对inflation的补偿,而不是实际的inflationrate吗?那THETA因该是对expected inflation的补偿而不是expectedinflation rate吧?
NO.PZ2018091701000021问题如下The ta in the following table is obtaineanalyst using historicinformation: The Analyst also manages to observe ththe sprebetween the five-yefault-free nominbonanthe fault-free rezero-coupon bonin Country C is 2.35%, whiof the following statement is correct?A.expecterate of inflation is less th2.35%.B.expecterate of inflation is larger th2.35%.C.expecterate of inflation is equto 2.35%.A is correct.考点Breakeven inflation rates (BEI)解析the fferenbetween the fault-free nominbonanthe fault-free rezero-coupon bonis BEI. BEI=expecteinflation rate + uncertainty of inflation rate. 不确定性即是风险,对于风险就有风险补偿,这样的补偿通常认为是正的,所以uncertainty of inflation rate 0.因此当BEI=2.35%时, 而uncertainty of inflation rate 0,那么expecterate if inflation 小于2.35%。题目中five years 可以看作短期吗? 如果是短期,refault free bon和 nominfault-free bon之间,相差 expecteinflation.
NO.PZ2018091701000021 问题如下 The ta in the following table is obtaineanalyst using historicinformation: The Analyst also manages to observe ththe sprebetween the five-yefault-free nominbonanthe fault-free rezero-coupon bonin Country C is 2.35%, whiof the following statement is correct? A.expecterate of inflation is less th2.35%. B.expecterate of inflation is larger th2.35%. C.expecterate of inflation is equto 2.35%. A is correct.考点Breakeven inflation rates (BEI)解析the fferenbetween the fault-free nominbonanthe fault-free rezero-coupon bonis BEI. BEI=expecteinflation rate + uncertainty of inflation rate. 不确定性即是风险,对于风险就有风险补偿,这样的补偿通常认为是正的,所以uncertainty of inflation rate 0.因此当BEI=2.35%时, 而uncertainty of inflation rate 0,那么expecterate if inflation 小于2.35%。 C真实G的波动率(名义G-通胀率)接近于0,也就说明其实通胀率是很接近3%的,那就是大于2.35%,这样通胀的不确定性就小于0
NO.PZ2018091701000021 表格里的3%那个通胀率是干啥用的?
NO.PZ2018091701000021 请问老师,这道题题目的表格信息有用吗?哪里知道uncertainty >0?谢谢
NO.PZ2018091701000021 能给我讲解一下吗