Please answer the following questions.
1. How would you describe the economic conditions in the U.S., Europe, and Asia right now? (5 points)
2. Describe the recent monetary policy actions of the central banks of the top three economies of the world. Please consider the EU to be one unit. (5 points)
3. What is your suggestion for these three central banks for the next year and why? Take into account the inflation outlook, what you have learned regarding monetary policy, and the economic outlook. (10 points)
You are welcome to look at any data to arrive at your conclusions. Please provide the source material as a citation.
Sources:
https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm
https://www.federalreserve.gov/monetarypolicy.htm
https://www.ecb.europa.eu/pub/projections/html/index.en.html
https://www.ecb.europa.eu/mopo/html/index.en.html
http://www.pbc.gov.cn/en/3688229/3688353/3688356/4271098/index.html
https://www.imf.org/en/Countries/CHN
