This is for help in Milestone 2. I chose The Central Bank of Ireland for my foreign bank. You will find the rubric
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. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. 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 control the money supply in each country Explains the primary tools used by the central bank and the Federal Reserve to control the money supply in each country, but explanation is missing components or illogical Does not explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country 22 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%
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