The Weekend Quiz – February 18-19, 2017

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention or not to the blogs I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. Central banks provide reserves to the commercial banking system usually at some penalty rate. However, this compromises their capacity to target a given monetary policy rate.

2. If inflation is stable and the central bank holds the nominal interest rate constant, then a currency-isuing government, which matches its net spending $-for-$ with debt issuance, could double its fiscal deficit without pushing up the public debt ratio.

3. If Greece could achieve positive net exports (the strategy of the Troika), then it could could push for a primary fiscal surplus knowing it will not compromise growth.

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    5 Responses to The Weekend Quiz – February 18-19, 2017

    1. Jerry Brown says:

      I got 1st one wrong. Even worse I’m not 100% sure why I got the other two right. Difficult questions for me this week. Hopefully I can answer the anti-spam math question…

    2. Simon Cohen says:

      Don’t despair Jerry, I’ve been doing this a couple of years and although I get more 3 out of 3’s these days I often have glitches (I did on number 3 above!). I find it often depends on my mental energy at the time and whether I can summon up the network of realtionships in the sectors and other factors that give you the right mental picture -my mind finds it hard to juggle with three elements in a structure nevermind more!

    3. Jerry Brown says:

      Thank you Simon, don’t worry, I have not fallen into despair. I love the quizzes and like to argue about the answers sometimes. Maybe more than I should. I will have to wait for the answers tomorrow before I could even think about arguing on this particular Quiz.

    4. Mark Kinnear says:

      Dang on 2/3 today

    5. Leighton Schnell says:

      I agree with Jerry Brown. I felt most confident on the first question, got it wrong. I was not so sure about 2 & 3, but got them right. Cheers!

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