Your task is to write a report examining how the United States domestic fiscal and monetary policy might impact on the Asia pacific region, specifically on Australian and Singaporean economies. In your answer consider likely scenarios of US expansionary fiscal and monetary policy on Singaporean and Australian economies. In your assessment of the likely impacts of US policy on Singapore and Australia, use the theoretical tools and concepts developed in the course

• Current macroeconomic indicators including the balance of payments of the US, Singapore and Australia to get an understanding of the current international macroeconomic context to then assess how changes might impact on International flows in goods and assets for each country.

(references needed, thank you!)