Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Assignment on economics questions
This is a one-on-one task. Please do everything on your own. There may be numerous correct answers to a question. Answers should be brief and in the form of bullet points if possible. Answers should be roughly 1000 words long (for all questions combined) and should not exceed 1500 words. Your responses should be written in your own words. You should not cite others, and you are not required to offer references or citations because you are answering in your own words.
RBA is the first question. The Reserve Bank of Australia (RBA) considerably increased (more than quadrupled) its balance sheet last year by purchasing government debt. The following criticisms have been made: (1) This approach causes significant inflation; (2) it amounts to debt monetization. It has also been suggested that the RBA is no longer working as an independent central bank in relation to this criticism. Do you agree with these points of contention? Explain why you think that is or why you don’t think that is. If you were an RBA governor’s counselor, how would you advise him to explain RBA policies and respond to critics?
Question 2: The Federal Reserve will meet on June 16th. The FOMC released new economic projections at its most recent meeting, which can be seen here: https://www.federalreserve.gov/monetarypolicy/file… I Did members of the Committee alter their inflation forecasts, and if so, how? (ii) Did Committee members’ unemployment projections change, and if so, how? (iii) Based on your responses, did you anticipate the FOMC changing its interest rate policy in June? What is the interest rate policy forecast for 2022? Explain. (iv) At the meeting, the FOMC did not make any changes to its interest rate policy. Was this a prudent decision or a policy blunder? Explain.
Question 3: The European Central Bank and Climate Change The European Central Bank (ECB) has stated that as part of its ongoing policy strategy review, it will consider ways to alter its policies to better contribute to environmental sustainability. One method it can achieve this is by providing green (environmentally friendly) firms preferential treatment over brown (unfriendly to the environment) corporations (less friendly). The European Central Bank, for example, acquires corporate bonds as part of its monetary policy. It is now purchasing bonds in a balanced manner.
I A more “green” approach would be to exclusively buy “green” bonds, penalizing “brown” businesses. If the ECB decides to penalize “brown” firms in this way, it will have massive distributional implications across industries and member states. Some argue that monetary policy has no role in this. Do you agree or disagree? Discuss.
(ii) The ECB might also utilize its asset purchases to give state governments with incentives: The ECB has the power to discriminate against the most polluting countries (on a per capita basis). The ECB is the central bank of 19 member states, some of which pollute significantly more than others (per capita). To provide governments with incentives, the ECB may halt purchases of government debt from, say, the five most polluting countries and instead buy proportionately more government debt from the five least polluting countries. This would undoubtedly provide governments with incentives to implement green policies as soon as possible. However, some argue that monetary policy does not play this function. Do you agree or disagree? Discuss
Writing skills are required, as well as a.doc file.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Questions about the Economy Assignment |
Questions about the Economy Assignment