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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
The essay topic:
The impact, mechanics and the effectiveness of the RBA’s monetary policy decisionÂ
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Paragraph 2
At the March meeting, the RBA Board decided to leave the cash rate unchanged at 1.5%. In the past, the Board had changed the cash rate. Using money market equilibrium model and the transmission mechanism, illustrate and explain how a change in cash rate might help to control inflation or stimulate the economy. Describe the circumstances in which the Board might increase and decrease the cash rate.Â
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Around 400 word response
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