IB Econ Macroeconomics IA on Fiscal and Monetary Policy (7점)

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본 문서는 IB Macroeconomics 중 Recession의 관련한 Fiscal and Monetary policy의 활용의 관해 작성한 IA 입니다. 7점 받았기에, 도움 많이 되시리라 생각합니다.



Reserve Bank governor calls for more federal spending to boost economy

Philip Lowe urges government to invest in infrastructure after bank cut official interest rates to record low of 1%

By the Guardian

Tue 2 Jul 2019 11.13 BST


Philip Lowe has called on the government to spend more to combat economic malaise. Photograph: James Elsby/AAP

The Reserve Bank governor, Philip Lowe, says two interest rate cuts in as many months should put the economy on a “better path” but he has again called on the government to pull its weight.

The RBA on Tuesday cut the official cash rate to a fresh record low 1% and left the door open for another before Christmas as global trade uncertainty and low wage growth continues to weigh on inflation.

Lowe said monetary policy had a significant role to play in hitting its inflation goal but he again called on government to lend a hand by loosening its purse strings.

“It is appropriate to be thinking about further investments in [infrastructure], especially with interest rates at a record low, the economy having spare capacity and some of our existing infrastructure struggling to cope with ongoing population growth,” Lowe said in a dinner speech to the business community in Darwin on Tuesday night…


  • 총 페이지수: 8 pages
  • 과목명: Economics
  • 주제: IB Macroeconomics IA
  • The file is in Word format. 
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IB Econ Macroeconomics IA on Fiscal and Monetary Policy (7점)

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