Here’s a summary of what you will need to do:
• 2 Articles
• 2 Graphs
• 2 Pages
Using the data visualizations (graphs) in the dashboard you created on St. Louis Fed FRED Economic Data Site Links to an external site., create a new dashboard with the data refined down to the last 15 years. This data should include Gross Domestic Product (Nominal and Real), Unemployment, Inflation, and the Fed Funds Rate/Money Supply.
Find one article describing at least one instance of the use of Fiscal Policy during that period. When searching, you should use terms such as “increase in federal spending”, or “decrease in tax rates”, or “increase in tax rates”. For example, you could search for articles describing the 2008 fiscal stimulus, the 2017 tax cuts, or the 2020 COVID fiscal stimulus. Summarize the article and indicate on your one of your visualizations the time period where this policy was enacted. Does the data show an impact of the use of this policy tool? You may choose to use just one of your visualizations to show the impact. You can choose to show the impact on the Unemployment graph OR the Real GDP graph. Submit an image of the graph with your paper.
Find one article describing at least one instance of the of Monetary Policy during that period. When searching, you should use terms such as “Fed interest rate policy” or “Fed open market operations”. For example, you could search for articles describing the Federal Reserve interest rate changes in March of 2020. Summarize the article and indicate on one of your graphs the time period where this policy was enacted. Does the data show an impact of the use of this policy tool? You can choose to show the impact on the Unemployment graph or the Real GDP graph, or even the Inflation graph. Submit an image of the graph with your paper.
Write a brief summary of the policy tools that were used, and what you can observe happening in the economy after the tools were utilized. Be sure to cite the two articles that you found and any other research that you did to complete your assignment.
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