- Suppose a newspaper headline read: ‘Companies invest as interest rates reach
a 20-year low’. Explain the connection between this headline and the monetary
policy pursued by the RBA during that time. How might firms’ expectations that
the rates of return on new investments are too low make monetary policy less
effective in ending a recession?
- Use the following graph to answer these questions.
a If the RBA does not take any policy action what will be the level of real GDP
and the price level in year 2?
b If the RBA wants to keep real GDP at its potential level in year 2, should it
use an expansionary policy or a contractionary policy? Should the RBA be
buying financial securities or selling them?
c If the RBA takes no policy action what will be the inflation rate in year 2? If
the RBA uses monetary policy to keep real GDP at its full-employment level,
what will be the inflation rate in year 2?
- For many years now, the RBA has used the cash rate as its monetary policy
target. Why doesn’t it target the money supply at the same time? What are the
main arguments used to support inflation targeting? What are the main
arguments against inflation targeting?
a. Do you think that inflationary targeting has introduced an economic
environment that is more conducive or less conducive to investment and
economic growth? Explain your answer.
b. In what ways is the RBA more independent of the federal government than
other institutions like, for instance, the Federal Treasury?
a. What arguments do economists make in support of the independence of the RBA
and what arguments are used against the independence of the RBA?
b. Do you think that the RBA is truly independent of the government in its
determination of monetary policy? Provide evidence for your answer.
National Youth Screening and Assessment Project, may also be available to support implementation. c. DJS should consider amending its practice of screening all youth who appear at the BCJJC for detention admission using the Detention Risk Assessment Instrument, even youth who will ultimately be diverted prior to DJS referral through the BPD Diversion Program. This will limit young people’s exposure to the detrimental impact and collateral consequences associated with generating unnecessary DJS and court records. d. BPD should develop a training and messaging strategy to increase officer knowledge and understanding of new policies and protocols for interacting with youth, the purpose of the juvenile court system, details of juvenile justice process, and the purpose of secure detention. Clear and consistent messaging for officers will help to mitigate the obdurate frustration that officers reportedly experience when they perceive that young people are not being held accountable by the system. e. Conduct a case processing analysis of adult-charged youth in detention to identify why time spent in detention for these youth has doubled from 2014 to 2018 and develop policies and programs to address the causes of delays. 2. Programs and Conditions a. The City should partner closely with DJS and the Baltimore JDAI Oversight Board to assess the continuum of Secure Detention Alternative established by DJS and the extent to which it meets existing needs. b. The City and its appropriate offices and agencies should partner with DJS to identify additional programs for youth in detention, in particular youth charged as adults, that can help young people build skills and connections that will help them succeed following release and return to their communities. c. To the extent that there are gaps in the existing Secure Detention Alternatives Continuum, the City and DJS should partner closely to identify resources to enhance the Alternative Continuum. As a resource, stakeholders should consult the results of the Youth Service Provider Survey conducted as part of this assessment. 3. Community Engagement and Partnerships>GET ANSWER