City University of Hong Kong Department of Economics and Finance Semester B 2013–2014 EF2401 Economics II Instructor: Dr. KUNIEDA‚ Takuma Office: P7318‚ Academic Building‚ Level 7‚ Lift 6 Phone: 3442-7960 Email: tkunieda@cityu.edu.hk Office Hours: To be announced 1 Objectives and Outcomes 1.1 Objectives The main objective of this course is to introduce students to the basic principles of macroeconomics. Students will learn to apply macroeconomic analysis to the business world and other
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Economic growth is an important macroeconomic objective for any country. Monetary policy has direct relation with economic growth and states monetary policy as the arrangements which are planned to control supply of money in a country. In many countries the basic aims of the monetary policy are to stabilize prices‚ keep the balance of payment equal‚ promote the employment and increase in economic development (Osinubi‚2006). Since the foundation of State Bank of Pakistan in 1948 it has playing its
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Analyse the impact of macroeconomic policy on economic growth in Australia since 2008. In your response you should refer to the economic information provided. "It was always easy to predict that fiscal policy would come back into fashion just as soon as the economy dipped into recession. The politician who could resist the temptation to use the budget to stimulate the economy during recession has yet to be born. But there were two other‚ more economic arguments favouring greater reliance on
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Monetary policy is the government or central bank process of managing money supply to achieve specific goals‚ such as constraining inflation‚ maintaining an exchange rate‚ achieving full employment or economic growth. Monetary policy can involve changing certain interest rates‚ either directly or indirectly through open market operations‚ setting reserve requirements‚ or trading in foreign exchange markets. It must be universally agreed that low and stable inflation is a primary and essential goal
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IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
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Nicoletta Batini © 2004 International Monetary Fund WP/04/97 IMF Working Paper Research Department Achieving and Maintaining Price Stability in Nigeria Prepared by Nicoletta Batini1 Authorized for distribution by James Morsink June 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in
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Running head: MONETARY POLICY/MACROECONOMIC IMPACT PAPER Monetary Policy/Macroeconomic Impact Paper Heather Robinson University of Phoenix MMPBL 501 04/25/2010 Introduction The Federal Reserve Board (FED) utilizes tools to control or manipulate the money supply‚ these tools affect macroeconomic factors such as inflation‚ unemployment and interest rates‚ which ultimately determine a country’s GDP. To recommend the best monetary policy combination I will discuss the tools used by
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MONETARY POLICY Intro- • MP alongside FP is a major policy instrument of the govt’s macroeconomic management to maintain a sustainable rate of eco growth‚ promote eco prosperity and welfare for the Aust economy. • Define MP • MP is implemented by RBA (which is independent of govt. influence) • Outline key objectives of MP Para 1- • MP plays a counter-cyclical role in the Aust economy (changes in stance are used to smooth out fluctuations in output over the business cycle.) o I.e. MP is
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Monetary Policy Monetary policy refers to those actions taken by the Federal Reserve‚ affecting interest rates‚ the exchange rate and the money supply‚ in order to influence the pace of spending and‚ by that‚ inflation. Over the centuries‚ the invention of money has hugely increased the ability of people to concentrate their energies on the things they do best‚ and then to trade the surpluses created‚ markedly increasing the living standards of everyone involved. Monetary policy helps the governing
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Economics Paper Monetary Policy The term ’Monetary Policy ’ refers to what the Federal Reserve (Fed) and the National Central Bank does to influence the amount of money and the credit of the U.S. Economy. What happens to money and credit affects the interest rate and the performance of our economy. The definition of the Monetary Policy is the regulation of the money supply and interest rates by the central bank and the Federal Reserve Board‚ in order to control inflation and stabilize the
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