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TUGAS 2
(BAHASA INGGRIS NIAGA)
NAMA : FACHREZA ROHMADONA
NIM : 049578034 MATKUL : MANAJEMEN
1. Step 1: Understanding the Impact of Supply Chain Disruptions and Rising
Energy Prices on Inflation Supply chain disruptions and rising energy prices contribute to cost-push inflation by increasing the costs of goods and services, which can be passed on to consumers. Step 2: Effectiveness of Monetary Policy Monetary policy, typically involving interest rate adjustments, may be less effective in such scenarios because the root causes of inflation are supply-side issues rather than demand-driven. Step 3: Additional Measures for Central Banks Central banks might need to consider non-traditional measures, such as targeted financial support for key sectors, and collaboration with fiscal policy to address specific supply chain bottlenecks. Monetary policy’s effectiveness in controlling inflation may be diminished due to supply chain disruptions and rising energy prices. Central banks may need to adopt additional measures, including targeted support and fiscal collaboration. Monetary Policy Adaptation. Monetary policy adaptation refers to the need for central banks to adjust traditional tools or adopt new strategies in response to unique economic challenges, such as supply-side driven inflation. 2. Step 1: Impact of Cryptocurrencies on Traditional Monetary Systems The rise of cryptocurrencies introduces new forms of money that operate outside traditional banking systems, potentially reducing central banks’ control over the money supply. Step 2: Challenges in Managing Inflation With cryptocurrencies, central banks might find it challenging to implement effective monetary policies due to difficulties in tracking digital currency transactions and their impact on the overall economy. Step 3: Potential Central Bank Responses Central banks might explore issuing their own digital currencies (CBDCs) to retain monetary control and ensure price stability, alongside regulatory measures to integrate cryptocurrencies within the traditional financial system. The rise of cryptocurrencies could challenge central banks’ ability to manage inflation and ensure price stability, potentially leading to the exploration of CBDCs and regulatory measures. Digital Currency Impact. Digital currency impact refers to the influence that cryptocurrencies and similar digital assets have on traditional monetary policy and central banks’ ability to control the economy, necessitating adaptations in policy and regulatory frameworks.