Economic policy maker in the united states

Assignment Help Econometrics

Reference no: EM131133252

Suppose you have been elected to Congress. One day, one of your colleagues makes the following statement:

The Fed chair is the most powerful economic policy maker in the United States. We should not turn over the keys to the economy to someone who was not elected and therefore has no accountability. Congress should impose an explicit Taylor rule on the Fed. Congress should choose not only the target inflation rate but the relative weight on the inflation and unemployment targets. Why should the preferences of an individual substitute for the will of the people, as expressed through the democratic and legislative processes?

Do you agree with your colleague? Discuss the advantages and disadvantages of imposing an explicit Taylor rule on the Fed.

Reference no: EM131133252

Questions Cloud

The effect of inflation on the effective capital-gains tax : What is the real interest rate you are paying on your mortgage in each case?

Libris expects assets and current liabilities to grow : The Libris Publishing Company had revenues of $200 million this year and expects a 50% growth to $300 million next year. Costs and expenses other than interest are forecast at $250 million.

Research to develop a new computer game : Your company has spent $250,000 on research to develop a new computer game. The firm is planning to spend $1,400,000 on a machine to produce the new game. Shipping and installation costs for the new machine total $200,000 and these costs will be c..

The following questions on a separate document : Directions: Answer the following questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. This h..

Economic policy maker in the united states : Do you agree with your colleague? Discuss the advantages and disadvantages of imposing an explicit Taylor rule on the Fed.

Identify the brand which means three oceans : Identify the brand which means ‘Three Oceans' in English. - and has its motto as "Saving the Earth and Serving its People"

How those outcomes would influence society and culture : Evaluate the ethical outcomes that result from the position you take on the issue and explain how those outcomes would influence society and culture. Interpret statistical data from at least two peer-reviewed scholarly sources.

Logical competitive position expected from your analyses : A Pro Forma Income Statement is a projected income statement. Project Tesla's income for a 5-year period with the appropriate assumptions, calculations, "exit strategies," and logical competitive position expected from your analyses.

Mark bought a call option ten days ago on a stock : 1. Mark bought a call option ten days ago on a stock, the call expires at the end of the year and has a strike price of 50. John bought a call option on the same stock yesterday, the call also expires at the end of the year and has a strike price ..

User Account

All Pages