Assignment Help Australia EC948 - Fundamentals of Macroeconomics

My Assignment Services
EC948 - FUNDAMENTALS OF
MACROECONOMICS - GERLACH KRISTEN AND
MEROLA - IRELAND AFTER THE FINANCIAL
CRISIS - ECONOMICS ASSIGNMENT HELP
Assignment Task:
Economics Assignment Help
Write a 2-page briefing note on the following: What
can we learn from Gerlach-Kristen and Merola (2019)
about how credit constraints emerged and spread in
Ireland after the financial crisis?
Why is this relevant to policymakers? Explain how
generalizable you think these arguments are likely to
be to other EU countries.
Your note will be assessed using the following
criteria:
1. Identification of the key mechanism(s) that
Gerlach-Kristen and Merola (hereafter GKM) focus
upon when explaining how credit constraints
emerged and spread.
2. Identification and discussion of relevant data that
GKM used to illustrate the relevance of the
mechanisms highlighted above.
3. Consideration of
the relevance of GKM’s findings for policymakers,
spanning fiscal policy, monetary policy and macro-
prudential policy as appropriate.
4. In considering how generalizable these results are likely to be
for other EU countries, your discussion should first be clear on
the features and experiences of Irish consumers, the Irish housing
market and credit provision that were essential in generating
GKM’s findings. Then identify some other EU countries that did or
did not share these features and provide additional evidence
(with appropriate source information) to support your claims.
You don't need to consider all EU countries; a couple of
contrasting examples will suffice.
5. Clarity of explanations, which must be in your own words.
6. Focus on the question set and ensure that your submission
includes appropriate coverage of all three parts of the question.
MY ASSIGNMENT SERVICES