Indian Economic Development: Assignment -5

As we have seen, the financial programming process consists of seven steps and rests on a number of characteristics. Recognizing that we have participants in this course from all over the world with a range of experience, let’s take this first discussion opportunity to explore the following:

1. List one or two key economic problems that your country is experiencing and the main causes;
2. Identify the main economic policy objectives of your country; 
3. List some policy measures that your country has used in recent years to address these problems; and 
4. Explain whether these policies belong under the heading demand management, expenditure switching, or structural policies. 

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In consideration of the content in this section, the questions, and the provided reading from the European Central Bank, please consider the following questions:

1. Describe the monetary and exchange rate regime in your country.
2. What are the objectives of monetary policy?
3. How is monetary policy implemented?
4. How would you assess the success of your monetary authority in achieving its targets?