Paper Homework
The purpose of the Paper is for you to culminate the learning achieved in the course by describing your understanding and application of knowledge in the field of business cycles through the analysis of a financial case.
Focus of the Paper
The financial sector has a profound influence on important macroeconomic variables like GDP growth, employment and inflation. The evolution of financial institutions has made the world's economies more interconnected than ever, allowing financial "contagion" to spread out of control. In an eight- to ten-page paper (not including title and references pages), address the following:
1) The Great Recession of 2007-08 occurred just as Knoop was completing his text. Describe this financial crisis and describe the effect that destabilized credit, mortgage, derivative, and insurance markets had on national economies and assess the stabilization policies implemented to address them
2) Compare and contrast two different countries during this time period as they experienced financial crises.
3) Explain the role and action that central banks took to stabilizing the business cycle. Be sure your answer includes appropriate data, graphs, terms, macroeconomic indicators and theories used.
4) Indicate which country you believe implemented the best stabilization policy during the crises, supporting your selection with scholarly resources.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.