A) Assume that you are a member of the Bank of Japan (BoJ) board of governors in 1998. The president of BoJ announces that he is thinking of applying Quantitative Easing (QE).
1) In your view, what could be the reasons behind this decision? (20 marks)

2) What are the potential advantages and disadvantages of QE? Discuss critically. (20 marks)

B. Assume that the Minister of Finance is responsible for fiscal policy and the Central Banker is responsible for monetary policy. Each policy maker has two choices; either to follow a contractionary (tight) or an expansionary (easy) policy. In 2005, the choices were as described in Table A (with the numbers within the matrix showing the payoffs to each policy maker):

Table A-2005 Minister of Finance
Central Banker
Tight Easy Tight 3, 1 0, 2 Easy 1,1 2, 3

In 2010, the choices were as described in Table B:
Table B-2010 Minister of Finance
Central Banker
Tight Easy Tight 3, 3 0, 0 Easy 1,1 2, 0

1) What is/are the Nash equilibria in each year? Explain your answers. (40 marks)

2) Assume that you are a Government Advisor and you are asked to give a policy report. What will you write in such a report regarding the tools for the chosen policy combination in each year? Discuss the advantages and disadvantages of the policy tools in each case. (20 marks)

The five articles you choose for this assignment MUST be published or updated between 2015 – 2016.
For each article:
A) Write the full source citation in APA format.
B) Read the full text of this article (not just the abstract!!).
C) DO NOT write a summary of the article. DO NOT copy section(s) of the article.
D) Choose a few of the main points in the article for further discussion.
Analyze the author’s argument for including this information in the article.
Decide if this is a good article to include as a source for a research paper.
Tell me why or why not.
E) Each article analysis should be about 250 words total.
PROCEDURE:

Choose any five articles that were published between 2015 – 2016 (5 points each)
REQUIRMENTS:
1) Use the DVC Library databases to complete this assignment (online or in person).

2) The source citations for this assignment must be written in APA format, not in MLA format.
You will lose points if you do not use APA citation format!
APA source citation format =

Last name of the author(s), followed by first initials. (Year of publication). Title of article.
Publication, volume number(issue number). DOI number if available.

For example, an article titled “Effects of Exposure to Photosynthetically Active Radiation on Houseplants” written by Leslie Nagle and Aubrey Jones was published in Gardeners Almanac, volume 15, issue 12 in September 2013. The correct way to cite this article in APA format is:

Nagle, L. and Jones, A. (2013). Effects of exposure to photosynthetically active radiation on houseplants.
Gardeners Almanac 15(12). doi:10.2345/journal.gardal.678910

Include the DOI if it is available through the library database. Only about 60% of articles have this digital information available at the moment, but the permanent collection of articles is growing.
3) Follow instructions! Part of your grade for this assignment is based on whether or not you do.
Each annotated bibliography entry is worth 5 points (total 25 points):
1-2 point for correct APA source format
1-3 points for addressing the information requested for your annotation.

4) Put your name, date and title of this assignment (Annotated Bibliography) in the top left corner of
the first page of your paper. Nothing else. NO COVER PAGES!! NO ABSTRACTS!!