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

M 1tary insurance policy in the US - Research Paper ExampleA fiscal policy is the number one responsible for the countrys economic progress and the assigns overall development. The countrys financial policy manages extensively all pecuniary matters that mention the state. Its formulation requires a wide-range of consideration and employs convoluted economic concepts. Various factors imprint the countrys financial condition which in effect impacts the overall development of the monetary system. It is the equivalent with the United States, it takes a wakeful 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 count rys 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 many texts on the subject of monetary policy published in the past. It ranges from the theory of monetary policy to particular monetary policy a pplications. Authors like Michael Woodford, V. Chick have written manuscripts on the Theory of Monetary indemnity 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. delivery Today, the States is one of the richest countries in the world with a Gross Domestic Product (GDP) per Capita of $48,442 (World curse). It ranked seventh on Forbes 2012 Worlds Richest Countries based on the Purchasing Power similarity Adjusted - GDP per Capita (Worlds Riches t 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 worlds GDP (2012 Macro-Economic). The country dominates worlds major industries like electronics, sinew and medicine in the form of services, industrial and trading (