Topic/s of Primary Focus: Money and Monetary Policy
(May also include content from previous topics.)
For this assignment, you will refer primarily to the Reserve Bank of Australia’s May
2022 Monetary Policy Decision media release, available at the below link:
https://www.rba.gov.au/media-releases/2022/mr-22-1…
The minutes of that meeting may also be of use for further context:
https://www.rba.gov.au/monetary-policy/rba-board-m…
Task:
For this assignment, you are asked to provide your own analysis of the RBA’s May
2022 Monetary Policy decision.
This must be in your own words, and reflect you own understanding and application of
course content.
As part of this analysis, ensure that you include and focus on the following:
- The reasons for the RBA’s decision, including reference to various economic
variables and what they indicate about the state of the economy and what
policies might be appropriate.
- What the policy position, particularly the main position around the cash rate
target, means in terms of the RBA’s implementation, and how that is
transmitted to impact economic activity.
Make sure to use key terminology and course concepts where appropriate.
Format:
The format of your response should be an essay-style response.
You do not need subheadings or subsections.
You do not need to spend as much attention on formal essay structure as you might
for a persuasive or research-based essay. Instead you should focus on communicating
your ideas in a clear and concise manner and making sure there is a logical flow of
ideas and explanation.
Diagrams:
Diagrams are not absolutely required, and there is no assessment criterion related to
providing them as there has been in some earlier weeks. However, there are some
diagrams that may be relevant to the topic that you may choose to use. If you do so,
as usual it is best if they are created by you. Of course if you wish to include other
diagrams, tables, or figures from sources such as the RBA, make sure that you include
an appropriate reference
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