Central Bank of Brazil Introdution

ECO 306 Milestone Two Guidelines and Rubric Overview: In Final Project II, you will write an informative research paper comparing and contrasting the structure and operation of the central bank of the United States—the Federal Reserve—and the central bank of another country, chosen from the provided list. For this milestone, analyze and write about the central banking and monetary policies of the foreign central bank, selected in Milestone One, as well as the U.S. Federal Reserve. Prompt: Use the foreign central bank you selected in Milestone One and analyze both the current macroeconomic conditions in the foreign country and those in the United States. Compare the performance of the selected foreign central bank with the U.S. Federal Reserve. Also, analyze the monetary policies of the selected foreign central bank and the U.S. Federal Reserve, including the primary tools used to control the money supply, the impact of the use of the tools on macroeconomic performance, and banking regulations of each central bank. Specifically, the following critical elements must be addressed:

II. Central Banking: Explain the current macroeconomic conditions (unemployment, inflation, and economic growth [GDP] rates) that the Federal Reserve and the central bank you have chosen observe in each country, and compare the performance between the two countries.

III. Monetary Policy

A. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country. i. Note the example from the Bank of Canada website where you can find primary tools information:

Bank of Canada website → Core Functions → Monetary Policies. Other central bank websites will likely be similar. B. Describe how each monetary authority uses these tools to impact macroeconomic performance. C. Compare banking regulations of the central bank you have chosen and the Federal Reserve.

Rubric Guidelines for Submission: Your paper must be submitted as a 3- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least four sources cited in APA format.

Critical Elements Proficient (100%) Needs Improvement (80%) Not Evident (0%) Value Central Banking Explains the current macroeconomic

conditions in each country and compares performance of the two countries

Explains the current macroeconomic conditions in each country and compares performance of the two countries, but explanation contains gaps or comparison is cursory

Does not explain the current macroeconomic conditions in each country or compare performance of the two countries

22

Monetary Policy: Primary Tools

Explains the primary tools used by the central bank and the Federal Reserve to

Explains the primary tools used by the central bank and the Federal Reserve to control the money supply in each

Does not explain the primary tools used by the central bank and the Federal

22

control the money supply in each country

country, but explanation is missing components or illogical

Reserve to control the money supply in each country

Monetary Policy: Impact

Describes how each monetary authority uses its primary tools to impact macroeconomic performance

Describes how each monetary authority uses its primary tools to impact macroeconomic performance, but description is incomplete or contains inaccuracies

Does not describe how each monetary authority uses its primary tools to impact macroeconomic performance

22

Monetary Policy: Regulations

Compares banking regulations of the central bank and the Federal Reserve

Compares banking regulations of the central bank and the Federal Reserve, but comparison is cursory or contains inaccuracies

Does not compare banking regulations of the central bank and the Federal Reserve

22

Articulation of Response

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

12

Total 100%