Essays on Economic Performance - Key Performance Indicators, Monetary and Fiscal Policies Statistics Project

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The paper “ Economic Performance - Key Performance Indicators, Monetary and Fiscal Policies” is an informative variant of the statistics project on macro & microeconomics. The performance of an economy is largely shaped by the different economic indicators and the manner in which the indicators perform. Having policies in tune with the changing economic scenario help to formulate strategies through which sustained growth can be achieved. This report looks at evaluating the manner in which the UAE economy has performed over the last 5 years and analyzes the different economic indicators based on which expected future performance is being analyzed.

The report also looks into the monetary and fiscal policies and brings forward the different economic indicators based on which evaluation of the economy, on the whole, is being carried out. This will help to understand the manner in which different variables are impacting the overall performance of the economy and will help to identify the future areas through which performance can be shaped in the future. Economic PerformanceThere are different indicators that are used to analyze the performance of the economy but some of the most economic indicators are GDP growth rate and CPI performance.

The above mentioned indicators are a culmination of different individual and micro level indicators. GDP and CPI also looks to ensure that the monetary and fiscal policies and the impact it has on the economy is included and based on it the manner in which the economy has performed and is expected to perform in the future is analyzed. The economic performance and the projections based on GDP and CPI for UAE economy is asThe indicators highlight improvement in the GDP growth rate which is a good sign and brings forward the fact that the economy is slowly growing and recovering.

The CPI on the other hand is decreasing which needs to be looked at as industrial production otherwise will be hampered over a longer period of time (Jahangir and Chinoy, 2012). The projections bring forward the manner in which the economy is looking to work on different areas and are aiming towards sustained growth rates in the future. A more detailed look at the different economic indicators which has shaped the performance of the UAE economy highlights the following

References

Caroline, F. and Pierola, M. (2012). Export Surges. Journal of Development Economics, 97, 387-395

Jahangir, A. and Chinoy, S. (2012), UAE: More Open Than You Think. Economic Research, J.P.Morgan

Menzie, C. (2006). A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation. Open Economies Review, 17, 115–143.

Nicolas, N., Martin, P. and Mayer, T. (2012). How do Different Exporters React to Exchange Rate Changes? Quarterly Journal of Economics, 127, 437-492

Rajiv, J. and Kumar, P. (2013). Size of Government Expenditure Multipliers in UAE: A Structural VAR Analysis. Working Paper 07/2013, Reserve Bank.

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