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Explain the australian government policy

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Reference no: EM133079136

Respond to the following prompts in a post with a minimum of 150 words, then comment on at least TWO other posts.

  • Interest rates are at historic lows in many countries-in some cases, close to zero. How is expansionary monetary policy, or more specifically an open market purchase, supposed to work? How do near-zero interest rates limit the ability of expansionary monetary policy to work?
  • In your opinion, how effective has the Australian Government's policy been as a response to the economic downturn due to the Covid-19 situation? What evidence can you suggest to support your position?

Reference no: EM133079136

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