You need to complete the project on your own Try to obtain data from commercial databases such as WIND CEIC and Bloomberg or from official statistics bureau You don’t have to print out original data J

To complete this project, you will need to gather macroeconomic data from commercial databases such as WIND, CEIC, Bloomberg, or from official statistics bureaus. Here is a step-by-step guide on how to approach this project:

1. Select the countries: Choose China as one of the countries and select another country that you are interested in, such as the United States.

2. Gather data on key macroeconomic indicators: Consider indicators such as GDP growth rate, unemployment rate, inflation rate, industrial production index, retail sales, investment, and trade data. Collect data for the period before, during, and after the Covid-19 pandemic.

3. Plot the data: Use graphs to illustrate the shocks to the macroeconomy caused by the pandemic. For example, you can plot GDP growth rates for both countries on a line graph, with the pre-pandemic period on one side and the post-pandemic period on the other side. Similarly, you can plot unemployment rates or other relevant indicators.

4. Explain the graphs: Provide an analysis of the data based on your understanding of reality and economic theory. Explain how the pandemic affected the macroeconomy in each country. For example, discuss the decline in GDP growth rates due to lockdown measures, reduced consumption, and disrupted supply chains.

5. Show policy responses: Gather data on policy responses implemented by each country to mitigate the shocks caused by the pandemic. This can include fiscal stimulus measures, monetary policy actions, and targeted policies such as industry-specific support. Plot the data to show the timing and magnitude of these policy responses.

6. Comment on benefits and costs: Briefly discuss the benefits and costs of the policy remedies implemented. For example, analyze how fiscal stimulus measures helped to support aggregate demand and prevent a deeper recession, but also discuss the potential negative consequences such as increased debt levels or inflationary pressures.

7. Forecast post-pandemic policies: Based on your analysis of the current situation and the potential economic recovery, make forecasts on the future policy direction in the post-pandemic era. Discuss potential policy measures that may be implemented to support economic growth, address structural issues, or promote resilience in the face of future shocks.

Remember to clearly present the data in graphs and tables and provide a comprehensive analysis based on economic theory and your understanding of the reality on the ground.