Monetary policy in the US Research Paper Example | Topics and Well Written Essays - 2750 words

Monetary policy in the US - Research Paper Example A monetary policy is the number one responsible for the country’s economic progress and the state’s overall development. The country’s monetary policy manages extensively all financial matters that concern the state. Its formulation requires a wide-range of consideration and employs complex economic concepts. Various factors affect the country’s financial condition which in effect impacts the overall development of the monetary system. It is the same with the United States, it takes a careful study and analytical approach when dealing with the monetary policy of the country. A monetary policy is the number one responsible for the country’s economic progress and the state’s overall development. The country’s monetary policy manages extensively all financial matters that concern the state. Its formulation requires a wide-range of consideration and employs complex economic concepts. Various factors affect the country’s financial condition which in effect impacts the overall development of the monetary system. It is the same with the United States, it takes a careful study and analytical approach when dealing with the monetary policy of the country. A monetary policy is the number one responsible for the country’s economic progress and the state’s overall development. The country’s monetary policy manages extensively all financial matters that concern the state. Its formulation requires a wide-range of consideration and employs complex economic concepts. Various factors affect the country’s financial condition which in effect impacts the overall development of the monetary system. It is the same with the United States, it takes a careful study and analytical approach when dealing with the monetary policy of the country. 2. LITERATURE REVIEW There had been numerous texts on the subject of monetary policy published in the past. It ranges from the theory of monetary policy to specific monetary policy applications. Authors like Michael Woodford, V. Chick have written manuscripts on the Theory of Monetary Policy such as the Interest and Prices: Foundations of a Theory of Monetary Policy, and The evolution of the banking system and the theory of monetary policy, respectively. Frederic Mishkin has written a Monetary Policy analysis in Monetary Policy Strategy. Manuscripts about monetary policy in the U.S. had also been published by authors like Richard Timberlake and John Odell. Monetary Policy in the United States: An Intellectual and Institutional History, and U.S. international monetary policy: Markets, power, and ideas as sources of change, respectively. 3. THE RESEARCH 3.1 BACKGROUND OF THE U.S. ECONOMY Today, America is one of the richest countries in the world with a Gross Domestic Product (GDP) per Capita of $48,442 (â€Å"World Bank†). It ranked seventh on Forbes 2012 World’s Richest Countries based on the Purchasing Power Parity Adjusted - GDP per Capita (â€Å"World’s Richest Countries†). In terms of the Gross Domestic Product (GDP) alone, America has the largest national economy in the world. The country currently has a GDP of $14, 657.8 billion which corresponds to almost 25% of the entire world’s GDP (â€Å"2012 Macro-Economic†). The country dominates world’s major industries like electronics, energy and medicine in the form of services, industrial and trading (â€Å"

Personal Philosophy of Meaning and Value Essay Example | Topics and Well Written Essays - 2500 words

Personal Philosophy of Meaning and Value - Essay Example My approach towards meaning and value is one of a significant one since I understand that everything happens for a reason and it is this meaning which is embedded within the reason that needs to be found out. What this will eventually do is to provide more rationale for things that will shape up in the future as well as provide me a sense of understanding for similar things that keep on happening around me at different times of the day. In this paper, I will outline what I consider as meaningful from life, from a strictly personal viewpoint and what I look for in life as far as my personal thinking and mindset are concerned. Also, I would check upon my personal life instances and my professional growth patterns and more so the same whilst now in the role of an IT project manager. I have devised a personal action plan that outlines the manner in which I have advocated my philosophy within the domains of this paper and this action plan aims to give an idea of what I think would be the right course of action as to go about doing things from an ethically correct professional sphere. I believe that we were put on this earth to bring some kind of glory or joy to the ‘One’ who put us here. Whether this is an all-powerful God, an uninvolved Creator or some sort of ‘alien’ life form I will not discuss here. Just suffice it to say that the same is some sort of a more powerful being which probably takes at least some interest in the actions of those that He has created or placed here on this Earth.