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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 decision
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.
Around 400 word response
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