If the Fed is more concerned with the core CPI, then rates are unlikely to be raised this year. An increase in rates would slow the economy down. However, if total CPI increases at a faster rate, this could force the Fed to raise rates slightly. On the whole, however, the data does not support DESA's pessimism about the state of the American economy. The Federal Reserve is currently using expansionary monetary policy to keep the amount of money in the economy at a high level, to spur business investment and real estate markets. In addition, lower rates make it easier for consumers to re-adjust their balance sheets as well. While the data about the U.S. economy is encouraging -- most key measures are trending up, with solid underlying support rather than as the result of short-term trends -- the U.S. economy is not growing so fast that contractionary monetary policy is necessary. The DESA report argued that contractionary fiscal policy is a risk as well, and this may well be the case in an election year, but there is little likelihood that any strong austerity measures would be passed this year either. A continuation of the status quo until after the election is the most...
Thus, I believe that DESA overstates the downside risk of the U.S. economy. The economy is likely to continue its current path of relatively slow recovery for the coming year.
U.S. MACROECONOMIC TRENDS AND POLICIES Macroeconomic Status The major recession that began in the United States in 2007 has drastically changed the landscape of the American economy, both in present times and for the future. Several major indices can be analyzed to determine the nature of this change, and there are many policy avenues in place through which the government can act to control its future course. By examining the current macroeconomic
Note: current prices values are expressed in AUD billion. Australia's Trade Situation In the June quarter 2007, Australia's exports of goods and services increased by 0.5%, reaching the value of $54.6 billion. This increase follows a series of increases, as for the 2006-2007 financial year, exports increased by 10%, reaching $216 billion. Regarding the volume of Australia's exports of goods and services, it increased by 0.8% in the June quarter of 2007,
With Iraq opened up, companies from the U.S. could benefit from an expanding market, with natural resources and qualified, cheap labor. The result is, however, that the current security environment is unstable, which means that the U.S. companies are only benefiting in a limited manner from the potential advantages of the market. As a conclusion and result of the cost-benefit analysis, it seems that the war in Iraq had, in
Americans receive two to three weeks of paid vacation per year, while Europeans receive between 5 and 7 weeks. In addition, the U.S. has generally 8 paid holidays per year; the comparable figure for Europe is 12 to 18 days (holidays such as Easter and Christmas, plus national days and even the Queen's Birthday in the Netherlands). As a result, Americans average only 10.2 vacation days per year (Zuckerman).
Both saving on a microeconomic sense and saving on a macroeconomic sense entail taking he long-term view into perspective for it means surrendering immediate gratification for achieving long-term goals, sometimes -- as in the microeconomic context -- for individuals not rated to us and for the greater good as well as for generations to come. As Keynesian model shows, the nation can benefit more by placing its focus on domestic activities
Bronfenbrenner's four systems consist of microsystems (i.e. nuclear family, neighborhood, schools, etc.); mesosystems (i.e. The specific connections between the individual and microsystems); exosystems (i.e. external environment and circumstances such as the work experiences of the parents); and macrosystems (i.e. The larger elements of society such as national culture and political climate). The additional (fifth) system is the chronosystem (i.e. The long-term patterns that describe the lifetime experiences of the individual
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now