Monetary and fiscal policy in (insert country of choice) since the GFC
Monetary and fiscal policy in (insert country of choice) since the GFC
Choose any one country to research. For that country, discuss the changes to monetary and fiscal policy since 2008 (i.e. since the onset of the global financial crisis). Your discussion should make use of the IS-LM model to illustrate the anticipated effects of the policy changes. Discuss whether the actual policy outcomes were consistent with the anticipated effects. If not, then attempt to research and analyse the reasons for the difference between the expected and actual outcomes. Also discuss whether the policy changes had any adverse effects on the other macroeconomic policy objectives for the country that you have chosen.
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