Project #154777 - ASSIGNMENT 4

Business Tutors

Subject Business
Due By (Pacific Time) 11/25/2016 12:00 am

 

Writing Assignment 4:

 

Modules 36-39 cover Monetary Policy and the policy debate in macroeconomics about activist versus passive policy response. In the face of the great recession of 2008 both fiscal and monetary policy authorities responded strongly. In this essay we want to focus on the monetary policy response after the Great Recession. Read the textbook (Module 38) about Zero Lower Bound Problem and Quantitative Easing, as well as these articles for background:

 

http://blogs.wsj.com/economics/2014/02/21/federal-reserve-2008-a-timeline-of-fed-actions-and-financial-crisis-events/

 

http://thinkprogress.org/economy/2013/03/23/1765481/how-fed-policy-could-leave-the-country-at-the-mercy-of-another-recession/

 

Write a short essay (no longer than 2 pages) explaining

 

  1. How monetary policy can influence aggregate demand

  2. What the Fed was trying to do during the Great Recession with its activist monetary intervention, particularly Quantitative Easing;

  3. How the Fed’s response would have been different had it instead followed a passive policy response. Be specific about what its course of action would had been if the policy response had been passive, and what the expected impacts would have been.

 

Grading Rubric

 

Your essay will be assessed as either “Meets expectations” or “Needs improvement”. If your essay needs improvement, you will be given feedback from NetTutor to help you revise it. You have one week from the time NetTutor returns your essay to re-submit the revised essay to NetTutor for another try, but you only get one second chance. Check your NetTutor account frequently after submission so you see their feedback as soon as possible.

 

Below are the criteria your essay will be judged against. If your final paper meets expectations in both categories you will receive full credit. If your final essay fails to meet expectations in any or all categories you will receive partial credit. You will receive no credit only if you do not submit any essay to NetTutor.

 

Your essay should be no longer than 2 pages long, with 12 point font and standard margins. It must be a format readable by MSWORD, so doc or rtf. Here are the criteria your essay will be judged against:

 

Criterion

Needs improvement

Meets expectations

 

 Writing

(20 points)

The writing is difficult to follow and/or poorly organized. Transition sentences are absent or ineffective. Typos and/or grammatical errors distract the reader.

Ideas are well-organized. Transition sentences effectively connect one idea to the next. The essay is free of typos and grammatical errors.

 

 

Economic analysis

(20 points)

Active and passive monetary policy responses are not clearly defined or defined wrongly and/or differentiated, nor are the expected impacts of following the two policy responses articulated.

Active and passive monetary policy responses are correctly and clearly defined, including how they would differ, and the expected impacts of following the two policy responses articulated

 

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