Country Project of Macroeconomics
The Country Project consists of two parts: (i) Data Analysis and (ii) Policy Recommendation.
Part One: Data Analysis
1. You will use data from the IMFs World Economic Outlook (WEO) database. Currently, the
latest edition is October 2019. To access the dataset, go to
Alternatively, follow the path:
IMF web page (www.imf.org) Data
World Economic Outlook (WEO)
World Economic Outlook Database October 2019
Download WEO data: By countries (country-level data)
2. Select one of the Advanced Economies or one of the Emerging and Developing
Economies. Collect available data series for the 5-year period 2014-2018. Analyze the data for
5 or 6 major macroeconomic variables, such as real GDP growth, inflation, unemployment,
government budget, current account, etc. Make sure you generate graphs (or charts, time plots,
etc) and briefly discuss each of the series (one to two sentences each).
Part Two: Policy Recommendation
1. Identify one macroeconomic problem that you think is the most pressing (i.e., low growth,
high inflation, a large deficit, etc) for the country of your choice.
2. Suggest fiscal or monetary policies that can address this problem. Use the IS/LM/FE and/or
the AD/AS models to derive the short-run and long-run effects of these policies on the identified
problem and on the rest of the macroeconomy