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Could you please answer it by providing step by step solution and explanation ? I would be very grateful! (Intermediate Macroeconomic) For this section you

Could you please answer it by providing step by step solution and explanation? I would be very grateful! (Intermediate Macroeconomic)

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For this section you do not need to use graphical analysis or mathematical expressions. This section is intended for you to describe using words your knowledge of the course and tests your ability to apply this knowledge to real world events. 6. Conventional versus Unconventional Monetary Policy a. Discuss the key ideas in Neo-Fisherism. Discuss how Neo-Fisherism departs from conventional ideas about how central banking works, and why central bankers may have trouble accepting Neo-Fisherian ideas. (5 marks) b. Central banks in the world are increasingly experimenting with unconventional monetary policies. Describe two types of unconventional monetary policies, and discuss why these policies may or may not work. (6 marks)

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