How is the nomination of Jerome Powell at the head of the US Federal reserve going to affect the global economy, especially on the issues of monetary policy and financial regulation?
Essay - 2 pages - Economy general
Federal Reserve Chairperson Janet Yellen is stepping down from her position in early February 2018. It is widely that her successor is going to be President Trump's selected nominee, Jerome Powell. In contrast with the last three Fed chairpersons, Powell is not an academic, though he has an...
2022: A hectic year for global monetary policymakers
Presentation - 26 pages - Economic politics
A report by the McKinsey Global Institute estimates that in a zero-carbon scenario in 2050, electricity, steel and cement would cost 20% to 45% more than in 2020. Therefore, according to the report, the current inflationist pressures are preparing us for the longer-term disruption caused by the...
Impact of Monetary Policy on South African inequality
Case study - 5 pages - Economic politics
In 1994 the first democratic elections in South Africa brought about the promise of equal opportunity and overall improvement of living standards. However, 26 years later the high levels of South African inequality still remain. This level of inequality has been institutionalised in the economy...
Central banks & monetary policy
Case study - 7 pages - Educational studies
Most of central banks presume that financial stability has policy responsibility. In a few situations where the central bank is faced with legal objective that is explicit for stability in finance, objective is of a wide range and the responsibility of central banks far reaching. However,...
Monetary Policy in the Euro System
Essay - 13 pages - Economy general
From 1945 to 1970, the monetary policy was part of the Bretton Woods system. The adherent countries must maintain a fixed exchange rate between their currencies and the U.S. one. With the collapse of this system in 1970, some countries have adopted a floating exchange rate, which is...
The monetary policy setting in the Eurozone
Case study - 6 pages - Foreign markets
The Maastricht Treaty was signed the 7th of February 1992 by the members of the so-called “European Community”, which became by then the “European Union”. It ended a long road to achieve a monetary union at the European level, and a single currency, the euro. Inspired...
Monetary Policy: Efficient Markets Hypothesis
Case study - 15 pages - Economy general
The efficient markets hypothesis does not constitute a good approximation to reality, and is often violated to a substantial degree in financial markets. The efficient markets hypothesis states that the price of every stock equals the value of the stock, so no stock is a better buy than any...
Monetary policy
Thesis - 4 pages - Finance
Monetary policy changes have influence over unemployment, short-term production and in the long-run affect prices and inflation rates. What monetary policy can do to heighten economic performance is a challenge that must be understood by economic policymakers. What...
Monetary policy and Inflation
Essay - 5 pages - Economy general
The US economy has always seen turbulent cyclical effects of inflation and deflation. To gauge the balance between the two experts at the Federal Reserve has always adopted the traditional macroeconomic tool of monetary and fiscal policies. These policies depending on the nature of the...
The basic targets and instruments of monetary policy, the concept of the money multiplier
Essay - 7 pages - Economy general
Medium-term price stability is widely accepted as the ultimate goal for monetary policy. This reflects two ideas. The first is that high rates of inflation distort decision-making, ultimately leading to slower economic growth, and the second is that monetary policy is...
Country Risk: Fiscal Policy and Public Debt
Course material - 6 pages - Economic politics
Governments refer to (elected) people who form the administrative body of a country. They are important because they take into account externalities and finance public goods (which the private sector would not want/manage to finance). Their objectives are : education, national defense, low crime,...
Policy brief: The future of the dollar
Tutorials/exercises - 2 pages - International economy
Economic sanctions have frozen a large part of Russia's $630 billion in foreign reserves. Cutting Russia out of the global financial system raises questions about the future of the dollar as the reserve currency. Russia will likely strengthen its relations with China and could increasingly...
Paying for a Green New Deal with Modern Monetary Theory - Dean Baker (2019) ; Mixed Economies Today, Compared to Those of Antiquity - Michael Hudson (2019) ; The Green New Deal, Capitalism and the State - Rob Urie (2019) ; The Great Austerity Shell Game - Richard Wolff (2013) ; The crisis of globalization: interview with Mark Blyth (2019)
Case study - 5 pages - Economy general
Dean Baker offers in this column a critique of the Green New Deal (GND), a set of legislative proposals put forward by progressive (left-wing) members of the Democratic Party in the United States. The GND is an ambitious set of policies designed to revamp the entire American by making it less...
To What Extent Is EU Policy Processes Efficient in the European Union?
Essay - 5 pages - European union
The hybrid governance model of the European Union has been the subject of profound questioning since the 2010-2011 debt crisis. This crisis has crystallized the dysfunctions of the area: the difficulties in Greece, Ireland, Portugal, Spain and, to a lesser extent, the whole area, have revealed...
The United States and the World: The Sources and Tools of American Foreign Policy
Course material - 8 pages - Modern history
There is undoubtedly an American exceptionalism: the US considers itself since the 18th century to be different from Europe. It has seen itself from the beginning as a universal model: the “American way of life” (linking most strongly liberal democracy and free enterprise, two notions...
The Interplay of National and European Considerations in the Foreign Policy of EU Members - The Countries Other than France and Germany
Course material - 8 pages - Political science
France and Germany alone can no longer call the tune in the EU. They henceforth have to take much more into account the agenda of the other members. We shall see first that agenda, regrouping, of course, the different countries into larger groups along their affinities, and then the possible...
Economic and policy issues from the spill : Gulf war oil spill of 1991
Essay - 3 pages - Ecology & environment
In any oil spill, looking at the economic issues that are raised, the first parameter that is used is the number of gallons of oils that were spilt to measure the loss that was suffered in monetary terms. In the case of the gulf war oil spill of 1991, it caused the loss of millions of...
Comparison of the monetary policies of the American Federal fund (EDF) and the European Central bank (BCE)
Thesis - 7 pages - Economy general
Interest rates of the Fed are currently at an all-time low. The rates of the European Central Bank are at their lowest levels in history and on April 2, 2009, there was a further decline with a reduction to 1%.Indeed, monetary policy is an important instrument of control, and along...
Quantitative Easing as a policy
Case study - 5 pages - Educational studies
Quantitative easing (QE) is the unconventional monetary policy that central banks apply to stimulate the economy after the ineffective of other conventional monetary policies. Quantitative easing is implemented through the buying of financial assets from private institutions...
The Levin model of monetary integration
Course material - 8 pages - Theories and economic notions
In the following work the Levin model of monetary integration is going to be derived and then used to show that the union monetary expansion reduces income divergence between the countries in the union and that fiscal expansion in one of the countries increases income divergence....
Alternatives to fiscal competition in European Monetary Union (EMU): what stabilization mechanisms for the Eurozone?
Essay - 11 pages - European union
The picture presented about the European integration is that of a hybrid creation. In the words of Wolfgang Wessels (1997), ?it is a messy and ambiguous division of labour between national and EU levels.' The Economic and Monetary Union which is the most accomplished framework of...
Global Trade, Monetary Tradeoffs
Essay - 3 pages - Economy general
It is certain that the last half-century of economic history has seen a dramatic increase in global market integration. States in this integrated setting must make difficult financial decisions with a great deal of insecurity. In managing their national currency, they face uncertainty and a...
'The monetary history of the United States', chapter 7: Great Depression, 1929-1933 (Friedman and Schwartz)
Book review - 5 pages - Economy general
The Great Depression is considered as the most severe economic depression in the history of the United States. In terms of the economic and monetary unions, it had meant: a decrease of more than half of US GDP (current prices) and over a third of US GDP (constant prices) between 1929 and...
There is no meaningful role for the International Monetary Fund (IMF) and /or the World Bank in a modern international financial system
Essay - 4 pages - Finance
IMF describes itself as "an organization of 184 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty".(IMF website) The International Monetary...
Has British public policy been Europeanised in the period since 1973?
Essay - 6 pages - Journalism
As Johan Olsen affirms ““Europeanization” is a fashionable but contested concept.” This term indeed occupies a lot of space in all studies about the European Union and more specifically about the domestic changes incurred by the member states through the dynamics of European...
The Levin model of monetary integration - publié le 12/05/2009
Thesis - 6 pages - Finance
In the following work the Levin model of monetary integration is going to be derived and then used to show that the union monetary expansion reduces income divergence between the countries in the union and that fiscal expansion in one of the countries increases income divergence....
The European Monetary Union. Why and how it has happened?
Essay - 9 pages - Economy general
The idea of creating a huge integrated area in Europe, known as the European Economic Community, was born in 1954. Almost half a century later, the European Monetary Union became the most well-known example of financial and monetary integration in the world. According to Bela...
The action of the International Monetary Fund in the world
Internship report - 6 pages - International relations
“The International Monetary Fund is established and shall operate in accordance with the provisions of this Agreement as originally adopted and subsequently amended” asserts the first clause of the Articles of Agreement. Set up after the Second World War as a response to the...
A monetary Union in East Asia?
Essay - 21 pages - International relations
We will first try to understand the reasons why Asia needs monetary cooperation and the problems it will encounter. Then we will take a look at the current areas of discussions and the various schemes of cooperation. Finally we will analyze the alternatives available that might emerge in...
Has British public policy been Europeanised in the period since 1973? - publié le 30/05/2007
Essay - 10 pages - European union
As Johan Olsen affirms ““Europeanization” is a fashionable but contested concept.” This term indeed occupies a lot of space in all studies about the European Union and more specifically about the domestic changes incurred by the member states through the dynamics of European...
