Should price stability be the primary objective of central banks in the next decade?
I need an essay on the above topic, with a minimum of 7 sources and an in-depth discussion on the topic.
Instructions:
Essays should be submitted electronically and should not exceed 2,000 words (essays of up to 2,200 words will not be penalised). Please be aware that, in line with the university policy, all parts of the essay are included in the word count, the only exception being the list of references.
Rubric :
Structure (30/100):
- Is the introduction clear and well-developed? (10%)
- Is the flow of thoughts in the main body of the essay logical and clear? (10%)
- Does the conclusion round out the whole essay well? (10%)
Discussion (40/100):
- Does the essay provide a clear description of the key concepts? (10%)
- Does the essay explain coherently and in a well-organised way the relevant issues? (20%)
- Does the student reflect successfully on the key aspects of the topic, providing critical perspectives? (10%)
Logistics (30/100):
- Is the standard of writing (spelling, grammar, punctuation, vocabulary, sentence/paragraph structure etc.) of high quality? (10%)
- Does the student use appropriately a wide range of academic sources and data in order to support their arguments? (10%)
- Is the Harvard referencing system used appropriately? (10%)
No AI usage, no plagiarism, coherent wording, a good writing flow, a good introduction and conclusion with an actual view (no neutral kind of description, but a critical discussion and answer/claim- take a side). No headers, just a natural flowy style (I will link my own work for you to mimic the style of below).
Possible sources (cite whatever you use properly):
Mishkin, Frederic, S. 2000. "Inflation Targeting in Emerging-Market Countries." American Economic Review 90 (2): 105–109.
Barro, R.J. and Gordon, D.B. (1983) ‘A positive theory of monetary policy in a natural rate model’, Journal of Political Economy, 91(4), pp. 589–610. https://scholar.google.com/scholar?q=Barro+Gordon+1983
Bernanke, B. (2004) The Great Moderation. https://scholar.google.com/scholar?q=Bernanke+Great+Moderation
Blinder, A. (1999) Central Banking in Theory and Practice. MIT Press. https://scholar.google.com/scholar?q=Blinder+Central+Banking+in+Theory+and+Practice
Goodfriend, M. and King, R. (2005) ‘The incredible Volcker disinflation’, Journal of Monetary Economics, 52(5), pp. 981–1015. https://scholar.google.com/scholar?q=Incredible+Volcker+Disinflation
Kydland, F. and Prescott, E. (1977) ‘Rules rather than discretion’, Journal of Political Economy, 85(3), pp. 473–492. https://www.jstor.org/stable/1830193