MGMT 673 Global Economic Analysis
Assignment 2: The Central Bank
This assignment is due by the end of Module 4.
During the recent Great Recession, U.S. Federal Reserve Board Chairman Ben Bernanke applied
lessons learned from the Great D
1. Use Marthinsens discussion of macroeconomic equilibrium to explain the unwanted
build-up in big-rigs, oil, and retail goods inventories.
Marthinsens discussion as stated in the textbook, Demystifying International
Macroeconomics, macroeconomic equilibr