Macro Economics and Policy Making

The events since 2007 have provided a significant challenge to the orthodox settlement on monetary and fiscal policy. A policy framework based on a broad inflation targeting regime (including targets for output and employment) appeared to be very successful in reducing the volatility of inflation and output (the so-called Great Moderation). With fiscal policy operating to help smooth the business cycle somewhat with automatic stabilisers. However, following the financial storm, the zero interest rate floor was found to act as a significant constraint on interest rate policy and subsequently many cracks in the financial architecture appeared, and led to the use of alternative or complementary instruments of policy. There has also been an extensive debate on the extent that we may need to develop further instruments of monetary policy to complement financial regulation and possibly deal with structural questions such as global imbalances.

A new Science of Monetary Policy Making had replaced the Art of Central Banking and a generation of economists and policy-makers now consider the monetary policy problem from within the narrow confines of short term interest rate targeting.

Developed countries are immersed in the worst crisis since World War II. How are governments responding? Could they do more? These are the questions that will be tackled in this course.

The course begins with a review of some basic macroeconomic concepts to lay the foundation for the policy framework. It then analyzes how fiscal policy works and what the effects of today

Certificate

A basic introductory course in economics or business could help, but no prior knowledge of economics is required; all are welcome.

Global economics proves to us on a daily basis the organisational need for ‘fore-most’ and ‘leading’ talent in order to succeed in increasingly complex and competitive global markets. In order to achieve the ‘best’ possible result for organizations, developing the right talent is as much a necessity as hiring and retaining employees.

Who are we?

ZOE Talent Solutions is a global training and consulting firm that has been serving leading businesses in many countries. We specialise in capacity building and talent development solutions for individuals and organisations, through our highly customised courses and training sessions, in a wide array of disciplines.

What do we do?

ZOE assists organisations in identifying their most important goals, and guides management teams by working closely with each member, in making lasting improvements to their performance. This process thus promises a definite increase in revenue and savings and a higher Return On Investment (ROI). Over nearly a decade, our team has built a globally recommendable enterprise uniquely equipped skills including and not limited to coaching, facilitation , counselling and strategising.