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The Weekend Quiz – February 24-25, 2018

Welcome to The Weekend 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. Estimates of cyclical fiscal balances by the IMF and other bodies are typically biased upward.



2. For nations with an external surplus (such as Norway), it is sensible for the government to run fiscal surpluses and accumulate them in a sovereign fund to create more space for non-inflationary spending in the future.



3. We would never observe a state where a nation was running an external deficit (trade and income flows), a fiscal surplus and the private domestic sector was spending less than it was generating.





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    This Post Has 2 Comments
    1. I guessed on Q1 as well but took into account the quiz’s general “false” bias. Helps me pretend I know what’s going on, until next week, that is.

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