i thought it would swap Expansionary and Contractionary from the situations it gives, like i feel like its backwards..what do you think?
Monetary policy is expansionary when the policy rate is greater than the neutral interest rate (real trend rate of economic growth + inflation target)
Contractionary when the policy rate is less than the neutral interest rate作者: ftwcfa 时间: 2013-4-22 09:12
Just found it in Schweser - Book 2 on page 181.作者: thommo77 时间: 2013-4-22 09:12
yes thank you i will check when I get home. I agree with what you said. What I quoted is from the Scweser Quick Sheet, it must be a mistake!
