Term Paper on "United States Macroeconomic Policy"
Term Paper 4 pages (1075 words) Sources: 0 Style: MLA
[EXCERPT] . . . .
United States Macroeconomic PolicyMost of the current voices in the United States, as well as some of the reputed international commentators on the matter, have pointed out that the U.S. economy is heading towards a significant recession. This would be characterized with extremely low GDP growth figures in 2008 (below 1%), a decrease in the number of new jobs created every month, as well as a general shrinkage in the economy, often correlated with some of the crisis in different sectors, most notably the financial and credit sector.
This is certainly true to a great extent. First of all, the U.S. economy in 2008 carries the burdens of the past years that saw a gradual, but significant increase in the budgetary deficit, along with a significant increase in the current account deficit. There were several notable explanations for this. First of all, the war in Iraq is costly and much of the budgetary expenses went towards the defense industry and towards supporting the war in Iraq. This type of expenses did not help create other positive reactions in the economy and were simply money spent for the war.
In terms of the current account deficit, the U.S. has continuously had a greater amount of imports compared to exports for both of President Bush's presidency terms. This led to a high current account deficit, as the difference between import and export value began to be increasingly higher. One of the main translations of this was in the continuous decrease of the U.S. dollar value, which reached the lowest historical level against the euro this past week and still looks to be on a downwards trend.
The U.S. economy is also currently
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Starting from the identification of current problems of the U.S. economy, as presented in the past paragraphs, we can now move on to identifying the appropriate measures by which these can solved. First of all, in terms of monetary policies, the Federal Reserve will need to decrease interest rates, as it has already done several times starting in autumn of 2007. The effect that this is likely to have is to stimulate the economy and induce investment in private businesses rather than saving.
The explanation for this is quite obvious. Individuals and organizations can chose to either invest their money in businesses or to save them in the bank or in different financial instruments. With high interest rates, the incentive for the entities is to save their money in banks and low risk financial instruments, mainly because there is a higher return guaranteed, usually at a lower risk than that… READ MORE
Quoted Instructions for "United States Macroeconomic Policy" Assignment:
Paper topic "My Recommendations for U.S. Macroeconomic Policy" First section of the paper will summarize the current U.S. economic situation. The second section will recommend a monetary policy to the Fed and a fiscal policy to the President and Congress. The third section will explain (including graphs) the short term and long term consequences of your recommendations.
Log in to access graphs. I understand if this part isn't possible. We were told to hand draw graphs but the different models are available at this website to work with.
http://bcs.worthpublishers.com/mankiw6/default.asp?uid=0&rau=0
E-mail: Tennis21000@hotmail.com
Password: ace21gonna
After logging in scroll down and click on macro models. The main graphs we used in class were the Solow Growth Model, The Mundell Fleming Model, and the IS-LM. They don't all have to be used just whatever one is relevent to the policies being implemented.
Another resource available which I'm sure you guys have is rfe.org Thanks for the help. *****
How to Reference "United States Macroeconomic Policy" Term Paper in a Bibliography
“United States Macroeconomic Policy.” A1-TermPaper.com, 2008, https://www.a1-termpaper.com/topics/essay/united-states-macroeconomic-policy/6674. Accessed 5 Oct 2024.
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