As a group we have meet up and discussed some of the significant diagnosis and causes of the crisis:
- over evaluation of the dollar
- abrupt withdrawal of the gold standard
- oil shock
- over consumption of the military
- running a balance of payment deficit
- circulation of money: inflation
Each member will be assigned on a weekly basis a new topic to research about, to aid in composing our overall report. Every week we aim to build on our knowledge of the crisis, and work towards providing the specific responses that addresses the causes and provide medium and long term recommendations. We will all meet up to give feedback on our individual research on assigned topics which will then assist one member of our group to write their individual section in the policy brief.
Group Members:
Mehraj Zaman -
Unal Azaoglu -
Angela Dang -
Holly Hart -
Zulekha Beverley Masih -
Overall its way too wide ranging.The policy brief is about being specific about a single aspect of the Dollar crisis. Looking at the above I suggest focusing simply on the US dollar/gold standard, then break it down to the 'unholy trinity' that will cover inflation, converatability, capital controls. The rest is just details that can go into the context/background section. Remember that you must 'diagnose the causes' which means focusing on specific elements (it can't be 'every single factor that contributed to crisis' you must focus on the key or most important elements).
ReplyDeleteOverall its way too wide ranging.The policy brief is about being specific about a single aspect of the Dollar crisis. Looking at the above I suggest focusing simply on the US dollar/gold standard, then break it down to the 'unholy trinity' that will cover inflation, converatability, capital controls. The rest is just details that can go into the context/background section. Remember that you must 'diagnose the causes' which means focusing on specific elements (it can't be 'every single factor that contributed to crisis' you must focus on the key or most important elements).
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