Monetary Policies

Paper Summary:

This paper looks at this second chapter where the author outlines the branches of government which are responsible for creating and implementing the monetary policies which regulate all corporations operating within or through the United States of America. The writer explains that the three major branches which contribute the most to economic policy making are the Executive Branch, Congress, and the Federal Reserve. Each of these branches is examined for its contribution.

From the Paper:

"Political institutions are largely responsible for the creation of economic policy, and likewise they are often held to blame if economic policy results in a depression of the economy. There are many types of economic policies which are decided on by different appointed policy makers; therefore decision making is extremely decentralized, allowing a variety of policy participants and policies to state concerns and objectives, without completely exposing themselves to possible future direct criticism. This allows for breathing room and a healthy dialogue within the elected power structure, as there is no one sector of the Government which is responsible for creating all of the nation's economic policies. The process of economic policy making is not completed at one singular level of government, but rather is the result of the combined collaboration of bodies within the separation of powers, and is a result of the checks and balances system."

More papers on Monetary Policies:

• Term Paper # 98960 : "United States Fiscal and Monetary Policies"
• Descriptive Essay # 150158 : "Australia: Inflation and Monetary Policy"
• Essay # 21537 : "International Monetary Policies"

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