The ECB cuts interest rates and restarts quantitative easing..
Description using one-period macro model or two period model with investment (macro model) to describe the news, ” The ECB cuts interest rates and restarts quantitative easing.” MUST include graph and generalize how the curve shifts in thesis statement.Write a three-page paper (double-spaced, single-sided, 12 point font, one-inch margins all around), changing the language of the journalist to the more specific language of economic models. Explain exactly what the journalist is saying in terms of economic models, and determine whether the journalist’s conclusions are consistent with what the economic models imply. Include fully labeled graphs whenever possible. The graphs can be included in a separate appendix (in addition to the required number of typed pages of text), but be sure to refer to the graphs and describe what they show in the text of your paper. I will not pay attention to graphs that are not described in the main body of your paper. The appendix with the graphs should contain no text. You may either hand-draw the graphs or generate them with a computer. If you choose to hand-draw them, please be very neat, use a ruler, and pay careful attention to your handwriting. HERE IS THE NEWS LINK: https://www.economist.com/finance-and-economics/2019/09/12/the-ecb-cuts-interest-rates-and-restarts-quantitative-easing Do not • Choose an article which simply reports facts • Choose an article on a topic we have not covered • Simply summarize the article • Include graphs which you do not discuss in the text The paper should follow standard writing format. Include a title, an introductory paragraph with a thesis statement, a body supporting the thesis statement, and a concluding paragraph. The grade for the paper will be determined by: 1. Does your choice of article permit analysis with models we have studied to date? 2. Is the article rich enough to allow you to demonstrate your knowledge of economics, or is the article very simple with only a single (or a few) idea(s)? 3. Do the economic models you use to describe the journalist’s ideas correctly illustrate the verbal arguments by the journalist? 4. Does your paper show understanding of the economic models you use? 5. Is your paper well-written? Does it have an introduction with a thesis statement, a body supporting the thesis statement, and a conclusion?
The ECB cuts interest rates and restarts quantitative easing.