Establishing and carrying out monetary policy in the country

Assignment Help Business Economics

Reference no: EM131247021

The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Its policymakers, the seven-member Board of Governors, serve 14 year terms with one member appointed every two years. There are 12 Federal Reserve District Banks spread around the county rather than one central bank in Washington, D.C. to carry out the policies established by the Board of Governors.

Why do you think the Fed was set up in this manner? Do you think that it is a good system for establishing and carrying out monetary policy in the country? Some politicians have suggested that the executive and/or the legislative branches of government should have more say or influence regarding monetary policy. In your opinion, would this be a good idea or not?

Reference no: EM131247021

Questions Cloud

Business people do not do enough for society : Many people say that business people do not do enough for society. Some students choose to go into the public sector instead of business because they want to help others. How can you find some middle ground in this debate to show that both business p..

Calculate the present value of the net benefits : Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0 4q Marginal extraction cost = $2, r = 10%. The available supply is 20 units Suppose 12 units are consumed in period 1 and 8 units in period 2 Calculate the present valu..

Consider signaling model explanation of wage determination : Consider the signaling model explanation of wage determination. Assume that a low ability. white individual is equally productive as a low ability minority (both have marginal productivity of 5) and a high ability white individual is equally producti..

What consumer surplus does each group receive : ECO380: Problem Set What is the equilibrium in this market when these constraints are q¯1 = q¯2 = 10 - What consumer surplus does each group receive? What is total surplus?

Establishing and carrying out monetary policy in the country : The Federal Reserve System is responsible for establishing monetary policy. It has a significant degree of independence from the executive, legislative and judicial branches of government. Why do you think the Fed was set up in this manner? Do you th..

Calculate and report the subgame perfect nash equilibrium : For the game described in Exercise 7, can you find a subgame perfect equilibrium that does not survive the iterated conditional dominance procedure?

Productivity of farmers has risen substantially : If the productivity of farmers has risen substantially over time because of technological progress, and workers can move freely between being farmers and barbers, the neoclassical theory of distribution predicts that the real wage(s) of:

Estimate the fuel oil required for a month of 30 days : The fuel consumption is 0.28 kg per kWh and the calorific value of fuel oil is 10200 kcal/kg. - Estimate the fuel oil required for a month of 30 days and overall efficiency. Plant capacity factor =40%.

How many proper subgames does this game have : Compare the path through the tree that results from the strategy you found for part (b) with the paths that are consistent with iterated conditional dominance.

User Account

All Pages