Two questions to be answered –
1. Is Information and Communication Technology (ICT) a third Industrial revolution?
2. Should monetary policy target nominal GDP growth rather than inflation?
1000 word maximum for each essay (including tables but excluding references).
Here are links to the recommended readings which should be used when answering the questions above. Reference to data/quotes/facts should be included in the essays and based on the articles below:
https://cepr.org/sites/default/files/policy_insigh…
http://www.oecd.org/dataoecd/42/34/22024038.pdf
http://economics.weinberg.northwestern.edu/robert-…
http://dspace.mit.edu/bitstream/handle/1721.1/5417…
http://ebusiness.mit.edu/erik/JEP%20Beyond%20Compu…
http://archive.nyu.edu/bitstream/2451/27759/2/CPP-…
http://www.newyorkfed.org/research/staff_reports/s…
https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.10…
https://www.nbs.sk/_img/Documents/_PUBLIK_NBS_FSR/…
https://www.brookings.edu/opinions/central-banks-m…
http://www.europarl.europa.eu/RegData/etudes/IDAN/…
https://voxeu.org/article/inflation-targeting-dead…
https://online.ercep.com/media/attachments/inflati…
https://www.ecbforum.eu/uploads/originals/2014/pdf…
https://voxeu.org/article/nominal-gdp-targeting-de…
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