International Macroeconomy Essays

International Macroeconomy Essays

Two questions to be answered –

1. Is Information and Communication Technology (ICT) a third Industrial revolution?

2. Should monetary policy target nominal GDP growth rather than inflation?

1000 word maximum for

each essay (including tables but excluding references).

Here are links to the recommended readings which should be used when answering the questions above. Reference to data/quotes/facts should be included in the essays and based on the articles below:

https://cepr.org/sites/default/files/policy_insigh…

http://www.oecd.org/dataoecd/42/34/22024038.pdf

http://economics.weinberg.northwestern.edu/robert-…

http://dspace.mit.edu/bitstream/handle/1721.1/5417…

http://ebusiness.mit.edu/erik/JEP%20Beyond%20Compu…

http://archive.nyu.edu/bitstream/2451/27759/2/CPP-…

http://www.newyorkfed.org/research/staff_reports/s…

https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.10…

https://www.nbs.sk/_img/Documents/_PUBLIK_NBS_FSR/…

https://www.brookings.edu/opinions/central-banks-m…

http://www.europarl.europa.eu/RegData/etudes/IDAN/…

https://voxeu.org/article/inflation-targeting-dead…

https://online.ercep.com/media/attachments/inflati…

https://www.ecbforum.eu/uploads/originals/2014/pdf…

https://voxeu.org/article/nominal-gdp-targeting-de…

Answer Preview

Information and communication technology is the integration of telecommunications such as mobile phones, the internet, computers, storage devices, software’s, and various audiovisual systems which enable enterprises to access, store, transmit, and use information in their processes and operations. With the change in the market demand and consumer tastes and preferences, organizations have had to use information…

(1118 Words)

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