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- The central bank of Trinidad and Tobago decides to pursue an expansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market. (iii) Illustrate using a diagram to show the overall impact of the chosen action on the money market.D4) explain the loss function of central banks and how monetary policy can be implemented to cope with financial crises.2) b) there are a number of objectives that the monetary policy intends to achieve however, not all objectives can be achieved simultaneously. Describe three cnflicts that are normally observed.
- 1. The Fed's job in manipulating monetary policy is made harder by the fact that: A) monetary authorities do not have a good understanding of how monetary policy works. B) monetary policy is usually pulling the economy in the opposite direction from fiscal policy. C) the Fed has to operate in real time and information on recessions usually becomes available with a lag. D) monetary policy is hardly ever effective in influencing business fluctuations. E) the Treasury Department cannot accommodate every demand placed on it by the Fed. 2. Monetary policy will be less effective at offsetting A) drops in velocity B) decreasing dynamic aggregate demand C) negative supply side shocks D) increases in consumer confidenceAssume that the prevailing interest rate in this economy is 6%. If the central bank decides to reduce the interest rate to 4% then: (a) This is contractionary monetary policy action and the price of exports would increase; (b) This is expansionary monetary policy and exports would increase; (c) This is expansionary fiscal policy and imports will increase; (d) This is contractionary monetary policy and imports will decrease.The central bank of Barbados decides to pursue anexpansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market. (iii) Illustrate the overall impact of the chosen action on the money market.
- True or False 1) Starting from equilibrium in the money market, suppose the money supply increases. Other things being equal, this will cause an excess demand for money, leading people to sell bonds.1) Suppose the economy is in recession and asymmetric information problems increase, using a graph of aggregate demand and supply EXPLAIN how these problems affect the ability of monetary policymakers to stimulate the economy.1). i). The money creation (seigniorage) to finance government purchases a.is inferior to a non distortionary tax in terms of welfare b.has the same effects in welfare as a non distortionary tax c.has better welfare effects compared to a non distortionary tax d.is the optimal policy in terms of welfare ii). What is the optimal monetary policy in an economy with growing population n>1? a. z=1 b. z<1 c. z=n d. z>1
- 11. Federal Reserve independence is thought to Question 11 options: a) help Congress to better coordinate monetary and fiscal policy. b) introduce longer-run considerations to monetary policymaking. c) give the President and Congress more influence over monetary policy. d) introduce a short-term inflationary bias to monetary policymaking.The central bank of Grenada decides to pursue anexpansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market. (iii) Illustrate the overall impact of the chosen action on the money market.a) Identify the four major tools of monetary policy. b) How can monetary policy address the problem of inflation?