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    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 IMF’s World Economic Outlook (WEO) database. Currently, the latest edition is October 2010. To access the dataset, go to
      Alternatively, follow the path:
      IMF web page ( ? Data and Statistics ?
      World Economic Outlook Database for October 2010 ?
      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 2004-2008. Analyze the data focusing on the presentation of major macroeconomic variables: real GDP growth, inflation, unemployment, government budget, current account, etc.
      Part Two: Policy Recommendation
    3. 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.
    4. 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.