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This article talks about the sad outlook of eurozone. Eurozone is an example of monetary union/currency union. We can clearly see that the effects of economic downturn affect different countries to a different degree. Greece, Spain, and Ireland are much more heavily affected than the rest. This is the same as the crisis mentioned in this article as the 70s to 80s crisis. Shocks will affect different countries differently--a shortcoming of monetary union.

This article relates to the fact that the economic indicators in China have been significantly lower than what was expected. In response, the central bank has decided to "loosen monetary policy", in the attempt to stimulate the economy.

This article offers an explanation of the role of the bank of Canada in the economy and all the different factors they have to assess and keep in mind in order to help economic growth...one of the factors they must consider is aggregate demand....as it is related to a lot of other factors.

This article highlights the positive economic growth seen lately in Norway, and how those positive changes caused the central bank to hold their decision to increase action and monetary policy. The adjustments will not be necessary if in fact the domestic economy continues to improve.

This article details the risks that are associated with the cut in interest rates in Australia. Interest rates are a form of monetary policy that is being used by Australia to try to create a better economic situation.

Due to the United States and European debt crises, Malaysia is adviced to keep monetary policies loose. As of last August, "Malaysian annual inflation touched a 27-month high at 3.5% in June, reinforcing expectations of a 25-basis point rate rise in September."

This article describes a decision by the US Federal reserve regarding inflation rates. The article points out that the unemployment rate has declined and inflation has increase, showing the trade-off. They hope, by monetary policy, however, to attempt to both reduce unemployment and achieve a stable rate of inflation.

Jan 11th 2012, 15:07 by C.O. | LONDON SCOTT SUMNER recently wrote a nice post entitled "The myth of the pro-German ECB". I disagree with his argument that the Balassa-Samuelson effect explains higher inflation rates in the European periphery (isn't this effect based on productivity gains in the tradables sector?), but in my view he is right on his main point: monetary policy by the ECB was too tight for Germany. This article is about how Germany seems to be the only country in the eurozone not failing because of the reduction in aggregate demand from the euro. It explores the reasons for this.

This artcile involving an interview with YV Reddy, talks about how aggregate demand is very important to not only specific countries, but to the world, talking about how the Eurozone is a key factor within the worlds economies.