Interest Rates, Money and Central Banking

Write a policy report (your assignment) for the Japanese government, analysing the impact of the COVID-19 pandemic on the economy. Among other things, your analysis/discussion should include the following aspects:

(1) An analysis of the impact of the COVID-19 pandemic on the global economy in general and with reference to the chosen country in particular.

(2) What macroeconomic policy (monetary and fiscal policy) measures were adopted in your chosen country to counter the impact of the crisis and revive the economy.

(3) Critically evaluate whether these policy (monetary and fiscal policy) measures were effective in resolving the crisis (in your chosen country).

(4) Critically evaluate how the process of economic recovery is shaping (in your chosen country).

(5) What policy recommendation you would make to the government to ensure sustainable economic growth with price stability (in your chosen country).