Data from the IMF’s World Economic Outlook (WEO) database
Data from the IMF’s World Economic Outlook (WEO) database
The Country Project
Subject: Economics
Topic: The Country Project
Paper details:
1. You will use data from the IMF’s World Economic Outlook (WEO) database. Currently, the latest edition is April 2020. To access the dataset, go to https://www.imf.org/external/pubs/ft/weo/2020/01/weodata/index.aspx Alternatively, follow the path: IMF web page (www.imf.org) → Data → World Economic Outlook (WEO) → World Economic Outlook Database April 2020 → Download WEO data: By countries (country-level data) 2. Select one of the “Advanced Economies” or one of the “Emerging and Developing Economies”. Collect available data series for the 5-year period 2015-2019. Analyze the data for 5 or 6 major macroeconomic variables, such as real GDP growth, inflation, unemployment, government budget, current account, etc. Make sure you generate graphs (or charts, time plots, etc) and briefly discuss each of the series (one to two sentences each). Part Two: Policy Recommendation 1. Identify one macroeconomic problem that you think is the most pressing (i.e., low growth, high inflation, a large deficit, etc) for the country of your choice. 2. Suggest fiscal or monetary policies that can address this problem. Use the IS/LM/FE and/or the AD/AS models to derive the short-run and long-run effects of these policies on the identified problem and on the rest of the macro economy.
Solution preview for the order on data from the IMF’s World Economic Outlook (WEO) database
