1) https://www.econlowdown.org/resource-gallery/monetary_policy_tools 2) https://www.wsj.com/articles/zimbabwe-money-aa13a052?mod=hp_featst_pos5 3) https://news.sky.com/video/jamaican-bank-releases-reggae-song-on-inflation-12058864 please I need a short summary of these articles.
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1) https://www.econlowdown.org/resource-gallery/monetary_policy_tools
2) https://www.wsj.com/articles/zimbabwe-money-aa13a052?mod=hp_featst_pos5
3) https://news.sky.com/video/jamaican-bank-releases-reggae-song-on-inflation-12058864
please I need a short summary of these articles.
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- Briefly explain about Inflation Targeted Framework (ITF) as a main policy instrument of the Central Bank of Indonesia!1. How do you think Fed policy might change if it included energy and food prices in its measure of the price level? 2. What two features of the Indian economy meant that an increase in rice prices was likely to spread through the economy and influence the overall inflation rate?What is disinflation? What are the two leading causes of inflation? Where online do you find inflation rate data?
- 1.16 Read the following extract and answer question A dull Reserve Bank meeting may be a good thing As markets get jittery about inflation and interest rates, the Bank is a sea of calm calculation .Governor Lesetja Kganyago will see having been able to keep interest rates at 50-year lows as a vindication of past policy. Two months ago, some of SA's peers in emerging markets, namely Turkey, Russia and Brazil, already tightened policy. "If you want lower interest rates you have got to have lower inflation," Kganyago told Business Day a month ago, comments that made it clear the Bank is in no rush to raise interest rates, even though its projection model suggested that policy tightening would start in the second quarter. The view being expressed by Governor Lesetja Kganyago above are that of. a) The monetarist approach to inflation b) Cost pull inflation c) Demand push inflation d) The conflict approachReflections on a classic: A Monetary History of the United States, 1867 to 1960, by Milton Friedman and Anna Schwartz, is a classic study of monetary policy and was published in 1963. Read the interview with Anna Schwartz available at www.minneapolisfed.org/pubs/region/93-09/int939.cfm, and explain what you think was the main contribution of this book. (Other interesting interviews with famous macroeconomists are gathered at http://minneapolisfed.org /pubs/region.)Using equation of exchange explain what should central banks do to avoid long run inflation?
- 1.17 Read the following extract and answer question A dull Reserve Bank meeting may be a good thing As markets get jittery about inflation and interest rates, the Bank is a sea of calm calculation .Governor Lesetja Kganyago will see having been able to keep interest rates at 50-year lows as a vindication of past policy. Two months ago, some of SA's peers in emerging markets, namely Turkey, Russia and Brazil, already tightened policy. "If you want lower interest rates you have got to have lower inflation," Kganyago told Business Day a month ago, comments that made it clear the Bank is in no rush to raise interest rates, even though its projection model suggested that policy tightening would start in the second quarter. 1.17 In order to keep the interest rates low, which of the following instruments will it use? a) Quantitative easing b) Open-market policy c) Increase government spending d) Raise taxesThe following data come from FRED, a database maintained by the St Louis Fed. According to FRED, Real GDP in 2009 was 97.5% of Real GDP in 2010. If so, then the inflation rate from 2009 should be. less than predicted by the Quantity Theory of Money because the Velocity of Money was slightly faster in 2010 than in 2009. Year M2 Nominal GOP 2009 $8.408 $14.45T % and that is slightly 2010 $8.618 $14.99T Type your numeric answer and submitThe following graph illustrates a shift of the aggregate demand curve to the right. It can be caused by: (Select at least 2 of the following that apply.) Select all that apply: contractionary monetary policy Price Level (base year = 100) 120 110 100 90 80 400 E₂ LRAS SRAS E₁ AD₁ ADⓇ 500 600 Real Output (constant dollars) 700 800
- Name three (3) policy tools that a Central bank can use to constrain the rate of inflation and explain how one (1) of these works in accomplishing its objective.Would a monetary policy intended to bring about disinflation cause a greater increase in unemployment if workers and firms have adaptive expectations or if they have rational expectations. Briefly explain. 1. 2. Why is the credibility of the State Bank's policy announcements particularly important? 3. Why do workers, firms, banks and investors in financial markets care about the future rate of inflation? 4. Why do most economists agree that it is important to have a country's central bank to be independent of the country's central government? 5. How does an increase in interest rates affect aggregate demand? Briefly discuss how each component of aggregate demand is affected. If the State Bank believes the economy is about to fall into recession, what actions should it take? 6. 7. If the State Bank believes the inflation rate is about to increase, what actions should it take? 8. What is the main difference between M1 and M2 definitions of the money supply? 9. Explain the Consumption…N3 Give three reasons why a central bank may consider output to be a better target than inflation.
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