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The Weekend Quiz – November 2-3, 2019

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. Organisations such as the IMF and the OECD and many central banks use the concept of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) to estimate full capacity, which then allows them to calibrate their structural deficit estimates, which indicate the discretionary fiscal stance of the government in question. Accordingly, the structural deficits will typically be:




2. When a sovereign government issues debt it logically:




3. Only one of the following statements is definitely true when you observe rising government bond yields for new issues:






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