现在假设外国利率R*的上升是永久性的,经济会出现什么变化?你认为R*的上升是反映了外国实际利率的上升,还是
现在假设外国利率R*的上升是永久性的,经济会出现什么变化?你认为R*的上升是反映了外国实际利率的上升,还是反映了外国通货膨胀预期的加剧(费雪原理)?
Suppose now that R*rises permanently.What happens to the economy,and how does your answer depend on whether the change reflects a rise in the foreign real interest rate or in foreign inflation expectations(the Fisher effect)?