问题如下:
A target zone regime has a fixed parity with fixed horizontal intervention bands that are somewhat wider than bands in simple fixed parity regime. Which of the following descriptions is most accurate?
选项:
A. We adjust target zone periodically to manage inflation expectations.
B. A target zone provides the monetary authority smaller scope for discretionary policy.
C. A target zone provides the monetary authority with great scope for discretionary policy.
解释:
C is correct.
Target zone will vary in order to manage inflation expectations. The wider bands, the greater scope for discretionary policy.
考点:Exchange Rate Regimes
解析:为了管理通胀预期,目标区间将有所不同。波段越宽,自由裁量政策的空间就越大。所以C选项正确而B选项不正确。
target zone 的区间范围通常在2%,所以不需要周期性的调节。A选项不正确。
才2%的区间内,可以算great吗?