1. Outline and critically appraise the logic underpinning the current monetary policy of the European Central Bank in the eurozone. In doing so, take into account the objectives of policy, the policy instruments employed, and how the settings of the policy instruments are understood to (hopefully) enable achievement of the policy objectives.
2. Outline and critically appraise the logic underpinning the current monetary policy of the Japanese Central Bank (the Bank of Japan). In doing so, take into account the objectives of policy, the policy instruments employed, and how the settings of the policy instruments are understood to (hopefully) enable achievement of the policy objectives.
With regard to relevant reading, it is part of this research exercise that students conduct independent searches for high quality literature and analysis pertinent to the topics, which are issues widely discussed and debated. Reading deeply, rather than widely, is to be preferred.
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