1
Assignment Cover Page
Assignment Title
Monetary Policy
Programme
BBAM, BACC
Programme Group
3A, 1A
Course Name
Principles of
Macroeconomics
Lecturer Name : Datin Sri Suja
Premchandran
Course Code
BECO3023
Submission Date: 30 April 2021
No
Name(s)
Student ID No.
Signature
Programme /
Sem
1.
Nur Fairuz Farzuani Binti Mohd Zani
20620825
fairuz
BBAM 3A
2.
Siti Sarah Binti Othman
206200835
sarah
BBAM 3A
3.
Yashini Devi A/P Ragu
202210852
yashini
BACC 1A
Lecturer
Comments
Marks Awarded
Lecturer Signature
Date
2
Group Assignment
Group members
Name
ID
Signature
G Leader
Nur Fairuz Farzuani Binti
Mohd Zani
206200825
Fairuz
2
Siti Sarah Binti Othman
206200835
Sarah
3
Yashini Devi A/P Ragu
202210852
Yashini
3
Table of Content
No.
Contents
Pages
1.
1.0 Introduction
4 – 5
2.
2.0 Economic Analysis
2.1 Measuring The Macroeconomic Impact Of Monetary
Policy At The Zero Lower Bound
2.2 Monetary Policy Analysis When Planning Horizons
Are Finite
2.3 Stabilizing Prices and Output
2.4 Challenges for Monetary Policy from Global Financial
Cycles
2.5 The Impact of Containment Measures Across Sectors
and Countries During The COVID – 19 Pandemic
2.6 Monetary Policy and Inequality
6 – 13
3.
3.0 Conclusion
14
4.
4.0 References
15
5.
5.0 Appendix
–
1.0 Introduction
Macroeconomics is a branch of economics dealing with the performance, structure,
behavior, and decision making of an economy as a whole, rather than individuals markets.
Macroeconomics studies economy – wide phenomena such as inflation, price levels, rate
of economic growth, national income, gross domestic product (GDP) and changes in
unemployment. The two main areas of macroeconomics research are long-term economic
growth and shorter-term business cycle. Macroeconomist develop models explaining
relationships between these factors. Such as, macroeconomic models, and the forecasts they
produce, are used by government entities to aid in the construction and evaluation of
economic, monetary and fiscal policy by businesses to set strategy in domestic and global
markets by investors to predict and plan for movements in various asset classes. Monetary
policy refers to the actions undertaken by a nation’s central bank to control money supply
and achieve sustainable economic growth. Monetary policy can be broadly classified as
both expansionary and contractionary. Monetary policy also consists the management of
money supply and interest rates, aimed at meeting macroeconomics objectives. The Federal
Reserve Bank is in charge of monetary policy in the United States. The Fed commonly
referred to as a “dual mandate” which aims to achieve maximum employment while
keeping inflation in check. The Fed responsibilities to balance economic growth and
inflation. The types of monetary policies are expansionary monetary policy, contractionary
monetary policy, countercyclical monetary policy, rule based monetary policy and
discretionary monetary policy. The six published articles was explained about issues of
