The Sydney Morning Herald

Running head: ARTICLE ANALYSIS
ARTICLE ANALYSIS
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ARTICLE ANALYSIS1
Table of Contents
The policy dilemma of the Central Banks..................................................................................3
Summary: “The central bankers’ dilemma”...........................................................................3
Reflection review: “The central bankers’ dilemma”..............................................................3
Chilean protests and its economic impact..................................................................................4
Summary: “Santiago protests take toll on Chile economy”...................................................4
Reflection review: “Santiago protests take toll on Chile economy”......................................4
The effect of US-China trade war on Chinese FDI....................................................................5
Summary: “One Trump Victory: Companies Rethink China”..............................................5
Reflective review: “One Trump Victory: Companies Rethink China”..................................6
The interest rate cut of RBA to boost economic growth............................................................6
Summary: “RBA cuts interest rates to historic low to boost faltering economy”.................6
Reflective review: “RBA cuts interest rates to historic low to boost faltering economy”.....7
Changing global environment and Central Bank dilemma........................................................8
Summary: “Central Banks' Challenges in a Rapidly Changing Global Economic
Environment”.........................................................................................................................8
Reflective review: “Central Banks' Challenges in a Rapidly Changing Global Economic
Environment”.........................................................................................................................8
Bush-fire a relative market bless for Australian retailers...........................................................9
Summary: “Through the roof': Retailer flies in thousands of face masks as demand
rockets”..................................................................................................................................9

ARTICLE ANALYSIS2
Reflection review: “Through the roof': Retailer flies in thousands of face masks as demand
rockets”................................................................................................................................10
The dispute over softwood lumber trade..................................................................................10
Summary: “Identification of the Long-Run Determinants of US-Canada Softwood Lumber
Trade”...................................................................................................................................10
Reflective review: “Identification of the Long-Run Determinants of US-Canada Softwood
Lumber Trade”.....................................................................................................................11
Fashion brands are at stake due to bush-fire............................................................................12
Summary: “Aussie retail icon’s shock announcement”.......................................................12
Reflection review: “Aussie retail icon’s shock announcement”..........................................12
New trade policy and the intra-industry trade..........................................................................13
Summary: “New trade, new politics: intra-industry trade and domestic political coalitions”
..............................................................................................................................................13
Refection review: “New trade, new politics: intra-industry trade and domestic political
coalitions”............................................................................................................................14
Australian bush-fire a tourism industry....................................................................................14
Summary: “Hidden billion-dollar cost of bushfire crisis”...................................................14
Reflection review: “Hidden billion-dollar cost of bushfire crisis”......................................15
References................................................................................................................................16

ARTICLE ANALYSIS3
The policy dilemma of the Central Banks
Summary: “The central bankers’ dilemma”
The article summarises about the challenges and difficulties of the Central Banks in
designing appropriate policies to meet the requirements of the economy. In addition to this,
the article focuses on the differences between economic theories and real-life movements of
indicators. The article begins by providing a brief overview of the issues faced by world
economies in terms of interest rates, inflation and the policies to stabilise these two
indicators. After that, the article explores various macroeconomic theories and concepts,
which includes Phillips curve relation, quantitative easing policy, forward guidance and lastly
NAIRU (a non-accelerating inflation rate of unemployment) (economist.com, 2016).
Focusing on these economic theories, the article then relates to the macroeconomic and
contrasting situation of the United Kingdom and the United States. The relation shown by the
indicators of these two countries contradicts with the relation portrayed by Phillips and other
economic theories. Thus, the article directs that in real-life scenarios, Central Banks face
difficulties from an unexpected situation.
Reflection review: “The central bankers’ dilemma”
Reading the article, any reader like me will come into the conclusion that Central
Banks around the world faces several obstacles and restrictions during the process of
designing monetary policies. Being a viewer, the Phillips theory I have read implies an
inverse relationship between two crucial macroeconomic indicators, which consist of the
inflation rate and unemployment rate. As portrayed in the article, despite a fall in the
unemployment rate in both the UK and the US, the inflation rate remained significantly low.
The Bank of England and the Federal Reserve Bank of the US adopted monetary policies to