An important part of this has been the increased efforts by central banks to communicate their views about the economic outlook and its implications for monetary policy. Monetary policy is defined by (Labonte and Makinen, 2008) as the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest to attain a set of objectives. In Australia, The Reserve Bank of Australia (RBA) has been responsible for implementing the monetary policy since 14th January 1960, reported by Reserve bank of Australia (2013). ... As stated by (Rahman and Mohsin, ...

• Word Count: 2454
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

The International Monetary Fund (IMF), as said in their official website, claims to promote macroeconomic stability and to reduce poverty by giving aid to country members, especially developing nations, facing economic difficulties. It does this by providing advice on jobs and growth, debt sustainability, and financial systems, and work on fiscal policy and employment amongst many. In its annual report for 2013, the IMF presents the wide-array of programs they offer and also addressed the problem of how in a globalized world, lagging policy momentum can affect all. ... The IMF said that its "...

• Word Count: 1443
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Hong Kong Government's fiscal policy had been conservative and had accumulated huge surpluses prior to 1997. ... Also, Exchange Fund papers, which were intended as a substitute for treasury bonds, form Hong Kong's monetary base and are monetary aggregates in nature, and were mostly held by financial institutions for their liquidity management. Such yields indicated prevailing monetary conditions more than commercial borrowing rates. ... Even with the emergence of huge fiscal deficit these years, the government is inclined to tap the fiscal reserve and to set goals in achieving budget...

• Word Count: 1396
• Approx Pages: 6
• Grade Level: Undergraduate