Use the ADAS model to illustrate the impact of the GFC on the
Australian economy. In...
Use the ADAS model to illustrate the impact of the GFC on the
Australian economy. In particular, you need to show (1) the
possible outcome without policy responses, and (2) the effect of
the fiscal and the monetary policy
responses.
The global financial crisis (GFC) around 2008 had a
significant
impact on the Australian economy and financial markets. We define
the before
GFC period as Apr 2000 to July 2007, the GFC period as Aug 2007 to
Dec 2009,
and the after-GFC period as after Jan 2010. Test the following
hypotheses at 5%
significance. The Appendix provides the details for testing the
difference in
means. a. The average AOret is the same before and after the GFC.
b. The average...
Impact and policy response to the Global Financial Crisis
(GFC)
a) What impact did the GFC have on the New Zealand financial system
and economy?
b) Following the GFC, what policy changes were made to make the NZ
financial system more resilient to financial shocks? (not the
immediate emergency responses)
Use the S-I model to illustrate and discuss the impact of a rise
in income ( Y ) on the economy; specifically on the real interest
rate, investment, savings, and consumption. Answer parts a) and b)
below:
a) Show the impact of the rise in income (rise in Y ) on S-I
diagram. Y ). Draw diagrams, label the figures, and clearly
illustrate the impact on each variable. LABEL THE AXES & the
CURVES!
b) NOW DISCUSS how the shock...
Use the labor/leisure model to illustrate the impact of
increasing the implicit tax rate t in a TANF program from t-,50 to
t-1.00 on the labor supply decision of the following three groups:
(a) those people working zero hours; (b) those people who are
receiving some ben fits, but who are also working in the market a
few hours per week
Use the aggregate demand–aggregate supply model to illustrate
graphically the impact in the short run and the long run of the
following changes. Be sure to label: i. the axes; ii. the curves;
iii. the initial equilibrium values; iv. the direction the curves
shift; v. the short-run equilibrium values; and vi. the long-run
equilibrium values. Also, state in words what happens to prices and
output in the short run and the long run.
ii) Climate change causes an increase in...
Use the open economy macro model (the one with 3 diagrams) to
illustrate what will happen if the government runs a bigger budget
surplus. Answer the following:
(a) (2 points) Tell me which curve or curves move.
(b) (2 points) Tell me which direction the curve or curves move
in.
(c) (2 points) Tell me what happens to Savings in
equilibrium.
(d) (2 points) Tell me what happens to Investment Plus Net
Capital Outflow in equilibrium.
12. a. Use the IS/LM model to illustrate an economy experiencing
liquidity trap and operating below the natural rate of output.
b. Explain and illustrate why expansionary monetary policy would
not help to raise the output level to the natural rate.
c. Offer two alternative policies that would work to reduce
unemployment under these circumstances. Explain and illustrate your
answers.
An assessment of the economic impact of COVID 19 on the
Australian economy – an International Macroeconomic
perspective.
Where is Australian currently on the SWAN diagram - possible
policy interventions? (noting you can make assumptions
about relative elasticities of the IB / EB schedules)
Focusing on policy interventions?
please......... very important
An assessment of the economic impact of COVID 19 on the
Australian economy – an International Macroeconomic
perspective.
Elasticities and absorption approach to the current account –
how might changes to the exchange rate flow through to the domestic
economy. What about Y-A = X-M?
An assessment of the economic impact of COVID 19 on the
Australian economy – an International Macroeconomic
perspective.
Choice of exchange rate regime – would Australia be in a better
position if it had a fixed exchange rate?