T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍his is a group work on Central bank policy for a new financ

T‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍his is a group work on Central bank policy for a new financial crisis. I need to do session 3 and session 4. Please make sure you follow the instruction. 6 monetary policy options and implementation of each of 6policy options 3. Monetary Policy Options (Not the specific tools or operations required to implement monetary policy!) –Given the domestic and international macroeconomic environment and financial market conditions you’ve documented in your Section 1 scenario, describe different conventional and “unconventional” monetary policy options (e.g., lower short-term interest rates, lower market expectations about future short-term interest rates) that the governing council of your central bank could use to stimulate aggregate demand in the domestic economy or achieve any of its other monetary policy objectives. Look at the various policies utilized at your own, and other, central banks during the last financial crisis and the recent pandemic as your guide. Make sure to explain theoretically and intuitively how each policy works to stimulate aggregate demand, when and where the policy has been used, and remember to cite your references. (About 1000 words, 18% weight in group assignment grade) Describe 6 (conventional and “unconventional”) ‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍monetary policy options – 3% for each option For each option: 1% – Definition: how does the policy option works in theory and intuitively 1% – Discuss when and where the policy option has been used in the past 1% – Provide extensive references to academic journals and central bank working papers 4. Monetary Policy Implementation – Describe the specific operations (., how) your central bank will require to pursue the policies you listed in Section 3. Describe the implementation process of each option in detail, including recommended timing and magnitudes of all financial market operations. Refer to the tools and operations of central banks around the world over the last 10+ years, and make sure to cite your references. Do not include financial market liquidity operations in this section of the paper. (About 1000 words, 18% weight in group assignment grade) Describe implementation of each of 6policy options – 3% for each option For each option: 1% – Definition: how each monetary policy option is implemented through financial markets 1% – Discuss quantities required and the timing of implementation, and how they compare to policies of other central banks historically 1% – Provide extensive references to academic journals and central bank worki‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ng papers