2008 CFA Level 1 － Sample 样题(1)－Q21 black

8586

21、The primary difference between the McCallum rule and the Taylor rule is that the McCallum rule follows the:

A. Keynesian feedback rule and adjusts the federal funds rate to target the inflation rate.

B. monetarist feedback rule and adjusts the federal funds rate to target the inflation rate.

C. Keynesian feedback rule and adjusts the growth rate of the monetary base to target the inflation rate.

D. monetarist feedback rule and adjusts the growth rate of the monetary base to target the inflation rate.

      

[此贴子已经被作者于2008-11-7 16:36:06编辑过]

8586

Correct answer = D

"Monetary Policy," Michael Parkin
2008 Modular Level I, Vol. 2, pp. 479-483
Study Session 6-28-e
compare and contrast the new monetarist and new Keynesian feedback rules
The McCallum rule, in the spirit of a monetarist fixed rule, attempts to make adjustments to the monetary base while targeting the inflation rate. On the other hand, the Taylor rule takes a Keynesian perspective and attempts to adjust the federal funds rate while targeting the inflation rate. 

peter123

[em06]

rocky

d

michaelcfa

3ks

zjy1228

thanks a lot

Riverview

thanks

刀剑如梦

thanks!

zhangxie83

b

gening

thanks!