question archive Assignment During COVID-19, most advanced economies experienced their sharpest contraction in modern economic history
Assignment During COVID-19, most advanced economies experienced their sharpest contraction in modern economic history
Subject:EconomicsPrice:18.99 Bought3
Assignment
During COVID-19, most advanced economies experienced their sharpest contraction in modern economic history. However, despite the severe recession, financial crisis has largely been avoided through extraordinary monetary easing. But now, there are emerging concerns that the easing to support financial institutions during COVID-19 will trigger a round of inflation.
Using the template provided, prepare a briefing note that considers options for what change — if anything — should the Bank of Canada make to monetary policy to avoid a possible inflationary period. (You can substitute another major economy with inflationary pressures such as US, UK, Euro Area or others). Be sure to consider a range of feasible options and make a concrete recommendation for specific actions (or no actions). Substantiate your recommendation and provide allocative, distributional and stabilization considerations.
