Regain internal and external balance after first oil shock, International Economics

Assignment Help:

Q. How did countries use their policy tools to regain internal and external balance after the first oil shock of 1973?

Answer: Seeing that the recession deepened over 1974 and early 1975 most governments shifted to expansionary economic and monetary policies. The OPEC countries couldn't go up spending quickly enough to match their increased real income and were running a substantial current account excess in 1975 and 1976.


Related Discussions:- Regain internal and external balance after first oil shock

Trade Balance, derive the eqilibrium equation for the trade balance

derive the eqilibrium equation for the trade balance

Excessive current account surpluses, Q. Using an equation, explain why gove...

Q. Using an equation, explain why governments prefer to avoid excessive current account surpluses. Answer: This pursue from the national income identity S = CA + I which says

Economic problems, The Republic of Ireland has had colossal economic proble...

The Republic of Ireland has had colossal economic problems for many years. On the other hand, in the last two decade, the nation has experienced a thriving economy and has becom

TRIPs, Describe the important benefits enjoyed by Indian companies through ...

Describe the important benefits enjoyed by Indian companies through TRIPs. Elaborate the main objectives of WTO in global economy.

Evaluate how homes macroeconomic policies affect foreign, Q. Imagine a wor...

Q. Imagine a world with two large countries, Home and Foreign. Evaluate how Home's macroeconomic policies affect Foreign. Compare the small and the large country cases; consider

Assignment, Road,railway,air and shlping transportation

Road,railway,air and shlping transportation

Customer relationship marketing, Marketing Considering that customer rel...

Marketing Considering that customer relationship marketing places a progressive and developmental expectation on organisations consider a start point for such an activity and ho

Analyze the effects of devaluation on an economy, Q. Analyze the effects of...

Q. Analyze the effects of devaluation on an economy. Answer: Devaluation basis a rise in output a rise in official reserves and an expansion of the money supply.  A private cap

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd