Evaluating the International Macroeconomic context of Australia's 2020 economic performance current policy challenges and likely future
Fantastic news! We've Found the answer you've been seeking!
Question:
Evaluating the International Macroeconomic context of Australia's 2020 economic performance – current policy challenges and likely future directions. Is Australia well positioned to recover in 2021?
Word count 3,000- 4000 words (Max 4500) Apply knowledge developed from each course topic in your scenario analysis - for example the final piece of work needs to align with the ECON1082 coursework and may follow a structure such as: -
- Introduction
- Assessment of 2020 changes in the Balance of payments and net foreign wealth (IIP)
- The intertemporal model of the current account- the CA balance: likely changes and implications for future consumption - metzler diagram - implications for domestic investment
- Exchange rate determination in the short run and the long run - What can theory tell us about current and likely future changes in the value of AUD– assessment of policy mechanisms such as interest rate changes that may impact on the value of the AUD
- 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?
- The RER and internal and external balance- automatic mechanisms of adjustment- Where is Australia currently on the SWAN diagram - possible policy interventions? (noting you can make assumptions about relative elasticities of the IB / EB schedules)
- Macroeconomic policy options put in place over the year – likely outcomes / limitations-using the IS-LM-BP to illustrate
- Choice of exchange rate regime – has Australia's exchange rate mechanism helped or hindered recovery
- How well is Australia positioned to recover in 2021 - likely factors that will drive growth
- Conclusion / discussion
Related Book For
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
Posted Date: