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The Weekend Quiz – January 18-19, 2020

Summary:
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. The net worth of the non-government sector would be initially invariant to a decision by government to match or not to match its net public spending with bond issues. TrueFalse2. The wider the spread between the price the central bank sets on the reserves it provides the commercial banks on demand (so-called penalty rates) and the target policy rate, the more difficult it becomes for the central bank to ensure the quantity of reserves is appropriate for maintaining its target policy rate.TrueFalse3. Assume that a national is continuously running

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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. The net worth of the non-government sector would be initially invariant to a decision by government to match or not to match its net public spending with bond issues.



2. The wider the spread between the price the central bank sets on the reserves it provides the commercial banks on demand (so-called penalty rates) and the target policy rate, the more difficult it becomes for the central bank to ensure the quantity of reserves is appropriate for maintaining its target policy rate.



3. Assume that a national is continuously running an external deficit of 2 per cent of GDP. In this economy, if the private domestic sector successfully saves overall, we would always find:






Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

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