Monetary Policy

Term Paper # 104762

Economics > Econometrics
Economics > Macro

Monetary Policy

Looks a macroeconomic questions relating to monetary policy.

1,275 words () | 5 sources | APA | 2008 United States

Paper Summary:

This document discusses macroeconomic questions relating to the supply of money and money creation. It also addresses macroeconomics issues such as consumption and gross domestic product. The Federal Reserve is examined first by its general structure and then through its monetary policy, and control and oversight thereof. Inflation is also examined as an effect of an oversupply of money. In addition, gross domestic product is discussed as an effective gauge of the overall economy as well as for what it is not a strong indicator of vis-a-vis the economy.

From the Paper:

"The consumer price index (CPI) is also known as the retail price index and is a statistical measurement of prices (weighted and averaged) of a particular set of goods, good categories, or services, that have been purchased by wage earners in a given area or region. Economists use the CPI, as well as other indices such as the PPI, to monitor the well-being of the economy. The CPI is a key measure of inflation and is figured by weighting the various purchasing categories in reference to a base year currency; e.g. 20% food expenditures, 30% transportation and so on."

Sample of Sources Used:

Blomqvist, H. C.(2002). The Distorted Economy. New York: Palgrave.
Cencini, A. (2001). Monetary Macroeconomics: A New Approach. London: Routledge.
Cleaver, T. (2004). Economics: The Basics. New York: Routledge.
Cleaver, T. (2002). Understanding the World Economy. London: Routledge.
Friedman, M and Friedman, R.(1982). Capitalism and Freedom. Chicago: University of Chicago Press.