Assignment 1

Topics for Assignment/Presentation 1

Group 1: What lessons did countries learn from the 2008 crisis? What monetary policies worked
and what didn’t? how was the crisis approached differently by the central banks of advanced
economies vs the emerging economies?

Reading 1: In the Wake of the Crisis – Chapter 1 - Monetary Policy (PDF file 1.1)
Group 2: How important a role does fiscal policy have to play in the stabilization of economies.
Explain using the 2008 crisis as evidence.

Reading 2: In the Wake of the Crisis – Chapter 2 - Fiscal Policy (PDF file 1.1)

Group 3: How has the 2008 crisis changed the global view of financial regulation? What,
according to you, is the optimum level of financial intermediation that can help prevent crises in
the first place and minimize its impact for economies across the globe?

Reading 3: In the Wake of the Crisis – Chapter 3 - Financial Intermediation and

Regulation (PDF file 1.1)
Group 4: How has the 2008 crisis reshaped the global perception of capital account
management? In your view, how flexible should the exchange rates be? Justify each argument
with its pros and cons and using relevant examples from the global crisis of 2008.

Reading 4: In the Wake of the Crisis – Chapter 4 - Capital-Account Management (PDF file
1.1)

Group 5: Has the 2008 crisis reshaped the global perception of economic growth and
macroeconomic instability? What is the post 2008 crisis sustainable growth model composed of
and what are the challenges in the post crisis era?

Reading 5: In the Wake of the Crisis – Chapter 5 - Growth Strategies (PDF file 1.1)

Group 6: Are the claims of a breakdown in Okun’s law exaggerated or does Okun’s theory
qualify as a law? Explain with evidence from history.

Reading 6: Okun's Law: Fit at 50? (PDF file 1.2)