The purpose of this assignment is to improve students’ teamwork skills and understanding of macroeconomic reports prepared by international organisations.
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation with 36 member countries. Macroeconomists at OECD analyse countries’ economic outlook and challenges (e.g. slow Economic Growth high unemployment rate, high inflation rate, budget deficit, trade deficits and housing boom). Based on their analyses, they offer macroeconomic policies to governments to tackle the issues. They also explain how these policies can improve macroeconomic performance of countries.
- What are the macroeconomic policy recommendations by the OECD analysers?
- Explain how each policy can tackle the issue? You must link the recommended policies to the theories that we will learn throughout the semester such as Classical Theory, Quantity Theory of Money, The Fisher Effect, Keynesian Cross, IS-LM Model, AD-AS model, Mundell-Fleming Model, Philips Curve and Ricardian Equivalence.
- The country I choose to do is Japan and have also attached the pdf of OECD analysers report on Japan