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

Monetary polity in the US - Research Paper ExampleA monetary insurance is the tot one responsible for the countrys economic progress and the states over all in all development. The countrys monetary form _or_ system of government 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 countrys financial spring which in imprint 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 dealings with the monetary policy of the country.A monetary policy is the number one responsible for the countrys economic progress and the states overall development. The countrys 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 th e countrys 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 countrys economic progress and the states overall development. The countrys 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 countrys 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 p olicy 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 just 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 ( humanity Bank). It ranked seventh on Forbes 2012 Worlds Richest Countries based on the Purchasing Power Parity Adjusted - GDP per Capita (Worlds Rich est 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 to the highest degree 25% of the entire worlds GDP (2012 Macro-Economic). The country dominates worlds major industries like electronics, energy and medicine in the form of services, industrial and trading (