1) Find data on monetary aggregates and central bank balance sheet data for Iceland. Make graphs of the following data comparing it to the United States; a. M1. b. M2. c. Currency in circulation. d. Monetary base. e. Banks reserves. Cover entire length if time data provides to present
2) Find data on interest rates for Iceland. Make graphs of the data of the following; a. Federal Funds or interbank lending rate. b. Ten year government treasury bond. Cover entire length if time data provides to present.
3) Compare intrest rates and the balance sheet data between Iceland and the United States. Make graphs of the US interest rates to illustrate the answer. Comment on the relationship between them.
4) What happened to happened to Iceland interest rates and central balance sheet during the great recession? Does the data correspond to the US data? Do the research and explain monetary policy response to the great recession and compare briefly with that of the US government.
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