Essay info
Contact us
Toll-free for US only: 1-866-509-5959 Order custom essays:
Instant Quote
Type of work:
275 words/page
Price: $0
Make an order
Our Prices
14 days per page
10 days per page
6 days per page
3 days per page
2 days per page
24 hours per page
12 hours per page
6 hours per page
3 hours per page
Note: The prices are given for High School academic level. Please, visit "Prices" page for the detailed prices.
Similar essays
Write my essay on
"Australian Monetary Policy"
Australian Monetary Policy
Adriana Alvarez
Table of Contents

1 Introduction: Australian Economy 2

1.1 Real Gross Domestic Product 2

1.2 Inflation 2

1.3 Employment 3

1.4 Current Account 3

1.5 Exchange Rate 3

2 Monetary Policy 5

2.1 Objectives of Monetary Policies 6

2.2 Demand for Money 8

2.3 Supply of Money 10

2.4 Money Equilibrium 11

2.5 Effects of Money Supply (Demand) 11

2.6 Keynesians Vs Monetarists 12

3 Monetary Policy Framework 16

4 Monetary Policy Implementation 18

5 Open Market Operations 21

6 Fractional Reserves 23

References 25

1 Introduction: Australian Economy

The Australian economy strengthened as 2001 progressed, in sharp contrast to the weakening seen in most of the rest of the world. Gross Domestic Product (GDP) grew by 4.2 percent through the year to the December quarter 2001. Unemployment remained low and signs of improvement were visible in the December quarter 2001, while ongoing inflation remained within the Reserve Bank of Australia's target range over 2001. (Asia-Pacific Economic Cooperation, 2002)

1.1 Real Gross Domestic Product

Real GDP increased 2.6 percent in 2001 (in year average terms) following growth of 3.1 percent in 2000. The slowing in the rate of growth in the first half of 2001 reflected the abatement of transitory factors such as the Sydney Olympics stimulus and the introduction of The New Tax System (TNTS). In the second half of 2001 Australia's growth rebounded strongly, despite weakness in the world economy. Nonetheless, over 2001 Australia was one of the strongest developed economies. (Asia-Pacific Economic Cooperation, 2002)

1.2 Inflation

The Australian Consumer Price Index (CPI) increased by 3.1 percent through the year to the December quarter 2001. Various one-off factors added to inflation over that period. The price of meat, seafood, fruit and vegetables increased substantially through the year. In addition, some price effects have resulted from the events of September 11, the collapse of a major Australian insurance firm (HIH) and the second largest Australian airline (Ansett). These upwards price movements were offset...

Please note! This is not an example of text written by our writers! is a database of essays that were collected at open web resources. You can use them at you own risk following the citation rules below.

But we recommend you to order a custom plagiarism-free essay written just for you from one of our writers. Place an order, add your paper details and enjoy the results! You can keep in touch with your writer, check the draft of your paper and send your order for revision for free. If you are hesitating to place an order – just ask for a quote!
If you want to use this essay follow the citation rules below:
"Australian Monetary Policy." Aug 21, 2018
View full text
essay on Australian Monetary Policy
16 (4195 words)
Plagiarism level of this essay is: 86%
Order this essay written from scratch Right Now!
HI! Who can do my essay on Australian Monetary Policy
Leave Your comment
Enter symbols below:
Captcha Image