Obtain the following macroeconomic data for Australia for the period 2004-2021: (a) the yield for Commonwealth Governmen

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Obtain the following macroeconomic data for Australia for the
period 2004-2021: (a) the yield for Commonwealth Government
securities, (b) the budget balance, (c) the cash rate, and (4)
90-day and 180-day rates. 1. Examine the fiscal position (i.e.
movement of the budget balance) of the Australian Federal
Government for the period 2004-2021. How has the budget balance
changed since the COVID-19 pandemic? Briefly predict how you expect
the budget balance to move over the next three years. 2. Graph the
current Australian yield curve for Commonwealth Government
Securities (CGSs). At a minimum you must include the target cash
rate, 90-day and 180-day rates, and the 2, 3, 5, and 10-year rates.
Explain the shape of the yield curve. Is your explanation
consistent with the Expectations theory or the Segmented Market
theory of the yield curve, or nether? 3. Examine the relationship
between the fiscal position identified in (1) and the yield curve.
Does the fiscal balance appear to influence the yield curve,
especially since the COVID-19 pandemic? 4. Given your insights from
(1) – (3), recommend to the Australian Government financial and
fiscal policies that could make Commonwealth Government Securities
more attractive to investors.