In: Economics
Assume the position of finance secretary of Pakistan and devise
a monitory policy to manage its
economy in such difficult times of global crisis. COVID’19 pandemic
has widely spread across Pakistan
and the government is having crucial time in reviving its economy.
This situation has further increased
the significance of your job role.
Compare and contrast the utility of following types and tools of
implementing the monetary policy
Contractionary Monetary Policy
Expansionary Monetary Policy
Open Market Operations
Discount Rates
Reserve Requirement
As finance secretary, you are expected to opt for the best type
and tool for devising a monetary policy of
Pakistan. Justify your answer.