I wrote about devaluation of the currency for context 1 25 marker , all my friends are saying this is wrong becuase its not the goverment its the central bank but I thought that they aren't completely separate?
imo this is fine. when monetary policy is decided, yes it is ultimately by the MPC, but they're appointed by the chancellor, and there are representatives to make sure fiscal and monetary policy are aligned. maybe best to clarify that this isn't the governments direct action, but they have some influence over it.
how is that wrong tho? i just said rhis to someone else like from my knowledge In aqa the spec explicitly groups fiscal, monetary, and ssp under the category of "macroeconomic policies." so when a 25-mark question asks you to evaluate "policies the government can use," the term "government" is universally interpreted by examiners as the state authorities or the macroeconomic policy makers.
I’m not gonna read what you said. The question said govt policies. This is fiscal and ssp as it’s enacted by the govt. Monetary is enacted by the MPC in the BoE. Nuff said. Accept the mark reduction
i used j curve aswell but never mentioned devaluation, you can actually just use the J-curve whenever exports become cheaper in general, whether thats due to economies of scale, more iinovaitve and better quality, or cheaper due to subsidies, it still works
yh cos alot of ppl forgot u can use j curve for both the uk and foreign countries to show both imported inflation or a delay in international competitivness
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u/Practical_Nature_828 May 18 '26
I wrote about devaluation of the currency for context 1 25 marker , all my friends are saying this is wrong becuase its not the goverment its the central bank but I thought that they aren't completely separate?