Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

hey I just need some help I got some stuff done . G culearn.carleton.ca Get Homework Help With Cheg... Get Homework Help With Cheg.. Search

image text in transcribed

hey I just need some help I got some stuff done .

image text in transcribed
G culearn.carleton.ca Get Homework Help With Cheg... Get Homework Help With Cheg.. Search Textbook Solutions | Ch... Homework Help - Q&A from On. obtain MONTHLY MONTHLY da... Assignment 2. Click here to see... Selected monetary aggregates... 2. Monetary Aggregates in Canada [25 points] There are two parts in this problem: a) (9 points) Go to the website https://www.bankofcanada.ca/rates/banking-and-financial-statistics/selected-monetary-aggregates-and- their-components-formerly-e1/ and obtain MONTHLY data for the period January 1990 to December 2020 for: . Currency outside banks (Seasonally adjusted): variable id=V37148 . Mi+, (gross) (Seasonally adjusted): variable id=V37151 . M2 (gross) (Seasonally adjusted): variable id=V41552796_E1 Scroll down and click "CSV" to download the data to an Excel file. Use Excel or any other software to plot the three variables over time and indicate which of the three is the narrowest monetary aggregate and which one is the broadest monetary aggregates. Explain why the three aggregates are different. b) (16 points) Go to the website https://www.bankofcanada.ca/rates/price-indexes/cpi/ and obtain MONTHLY data for the period January 1995 to December 2020 for the Total CPI, (seasonally adjusted): variable id=V41690914. Now use these CPI data and the Mi + data from part (a) to calculate the annual growth rate of both Mi + and the consumer price index (CPI) for the period January 1996 to November 2020 using the following formula: Growth X year month Among month th = 100 Y year-1 month For example, the variable X in April of 2007 would be X 2007, ar April and for that reason, its growth rate in that month is equal to X2006 Growth X 2007 = 100 `April April X 2006 What is the relationship (correlation) between Mi + and consumer price index (CPI) in levels (the values of M, + and the CPI index)? What is the relationship (correlation) between them when we use annual growth rates rather than levels? Do not forget to attach the graphs to your assignment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics And Strategy

Authors: Jeffrey M. Perloff, James A. Brander

3rd Edition

0134899709, 978-0134899701

More Books

Students also viewed these Economics questions

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago