Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
In 1992, the U.S. economy embarked on a long expansion. For the rest of the decade, GDP growth? was positive and high. In 2000, however, the expansion came to an end. From the third quarter of? 2000 to the fourth quarter of 2001, GDP growth was either positive and close to zero or negative.? Based on data available at the time, it was thought that growth was negative through the first three??
quarters of 2001. Based on revised data, it appears that growth was actually small but positive in the second quarter. (These data revisions happen often, so that what we see when we look back is not? always what national income statisticians perceived at the time.) The NBER concluded that the U.S.? economy had indeed had a recession in 2001, starting in March 2001 and ending in December 2001.??
What triggered the recession was a sharp decline in investment demand. The cause was the end of? what Alan Greenspan, the chairperson of the Fed at the time, had dubbed a period of irrational exuberance: During the second part of the 1990s, firms had been extremely optimistic about the? future, and the rate of investment had been very high.?
There is a consensus that the recession could have been much worse. However, it was met by a? strong macroeconomic policy response, which limited the depth and the length of the recession.?
To analyze this fact, follow these steps:?
1- Go to the Federal Reserve Economic Data (FRED) https://fred.stlouisfed.org/. Download the? series FGEXPND, FGRECPT, GPDI, GPDIC1, GDP, and GDPC1 since 1990. Notice that some of these quarterly series are in nominal terms and others in real terms. Compile a single spreadsheet with? these series.?
2- In this spreadsheet, normalize the real GDP and real Investment by setting 100 in 2000.Q2.? 3- Go back to the FRED and download FEDFUNDS since 1990. Use the monthly version and keep this serie as a separate spreadsheet.?
4- Tasks:?
a. Construct measures of government spending, revenues, the fiscal deficit (revenues – spending), and investment as a share of GDP from 1999.Q1 to 2003.Q4.?
b. Construct a graph of investment as a share of GDP from 1999.Q1 to 2003.Q4 to observe? the decline in investment (as a share of GDP) during the crisis.?
c. Construct a graph of real investment and real GDP from 1996.Q1 to 2003.Q4 using the normalized series with 2000.Q2=100. Verify that GDP slowed down while investment? declined in real terms.
1?
d. Fill in the following table with the change (variation) for each period??
GDP??
(change in real terms)?
(I) 2000.Q2 – 2001.Q1?
(II) 2001.Q1 – 2001.Q4?
Total (sum of I + II)?
Investment? (%GDP)?
Investment??
(change in real terms)?
e. Monetary policy. Starting in early 2001, the Fed, feeling that the economy was slowing? down, started increasing the money supply and therefore decreasing the federal funds rate aggressively. Construct a graph of the Fed funds rate from 1999 to 2002. What was? the rate in January 2001 and what end up being in December 2001??
f. Fiscal policy. During 2000, it became clear that the economy was slowing down, so the? 2001 budget included reductions in tax rates. On the spending side, the events of? September 11, 2001 lead to an increase in spending, mostly on defense and homeland? security. This combination of revenues and spending lead to a fiscal expansion. Construct? a graph of government spending and revenue as a share of GDP between 1999 and 2003.? What was the fiscal deficit in 2001.Q1 and what end up being in 2001.Q4? Discuss how? spending increased and revenues decreased during 2001.?
g. For this part, use a separate file or Word document. Consider the IS-LM framework? starting from an equilibrium and then??
i. Using a graph, show the effect of a drop in investment.??
ii. From that new equilibrium, show how the monetary expansion and the fiscal? expansion (qualitatively) affected the interest rate and the level of output.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
CLICK ON THE LINK HERE: https://www.perfectacademic.com/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!