ECO 306 Milestone Two Guidelines and Rubric
Overview: In Final Project II, you will write an informative research paper comparing and contrasting the structure and operation of the central bank of the
United States(e Federal Reservend the central bank of another country, chosen from the provided list. For this milestone, analyze and write about the
central banking and monetary policies of the foreign central bank, selected in Milestone One, as well as the U.S. Federal Reserve.
Prompt: Use the foreign central bank you selected in Milestone One and analyze both the current macroeconomic conditions in the foreign country and those in
the United States. Compare the performance of the selected foreign central bank with the U.S. Federal Reserve. Also, analyze the monetary policies of the
selected foreign central bank and the U.S. Federal Reserve, including the primary tools used to control the money supply, the impact of the use of the tools on
macroeconomic performance, and banking regulations of each central bank.
Specifically, the following critical elements must be addressed:
II.
Central Banking: Explain the current macroeconomic conditions (unemployment, inflation, and economic growth [GDP] rates) that the Federal Reserve
and the central bank you have chosen observe in each country, and compare the performance between the two countries.
III.
Monetary Policy
A. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country.
i.
Note the example from the Bank of Canada website where you can find primary tools information:
Bank of Canada website ? Core Functions ? Monetary Policies. Other central bank websites will likely be similar.
B. Describe how each monetary authority uses these tools to impact macroeconomic performance.
C. Compare banking regulations of the central bank you have chosen and the Federal Reserve.
Rubric
Guidelines for Submission: Your paper must be submitted as a 3- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font,
one-inch margins, and at least four sources cited in APA format.
Critical Elements
Central Banking
Proficient (100%)
Explains the current macroeconomic
conditions in each country and
compares performance of the two
countries
Monetary Policy:
Primary Tools
Explains the primary tools used by the
central bank and the Federal Reserve to
Needs Improvement (80%)
Explains the current macroeconomic
conditions in each country and
compares performance of the two
countries, but explanation contains gaps
or comparison is cursory
Explains the primary tools used by the
central bank and the Federal Reserve to
control the money supply in each
Not Evident (0%)
Does not explain the current
macroeconomic conditions in each
country or compare performance of the
two countries
Value
22
Does not explain the primary tools used
by the central bank and the Federal
22
Monetary Policy:
Impact
control the money supply in each
country
Describes how each monetary authority
uses its primary tools to impact
macroeconomic performance
Monetary Policy:
Regulations
Compares banking regulations of the
central bank and the Federal Reserve
Articulation of
Response
Submission has no major errors related
to citations, grammar, spelling, syntax,
or organization
country, but explanation is missing
components or illogical
Describes how each monetary authority
uses its primary tools to impact
macroeconomic performance, but
description is incomplete or contains
inaccuracies
Compares banking regulations of the
central bank and the Federal Reserve,
but comparison is cursory or contains
inaccuracies
Submission has major errors related to
citations, grammar, spelling, syntax, or
organization that negatively impact
readability and articulation of main ideas
Reserve to control the money supply in
each country
Does not describe how each monetary
authority uses its primary tools to
impact macroeconomic performance
22
Does not compare banking regulations
of the central bank and the Federal
Reserve
22
Submission has critical errors related to
citations, grammar, spelling, syntax, or
organization that prevent understanding
of ideas
Total
12
100%

Purchase answer to see full
attachment