International Monetary Fund

The Life-Cycle Hypothesis posits that pre-retirees should be at their peak earnings potential, maximizing savings, and reducing liabilities at this stage of life (Ando & Modigliani, 1963). Yet, the indebtedness of pre-retirees has increased at an alarming rate (Anguelov & Tamborini, 2010; Butrica & Karamcheva, 2013). Even more troublesome, while numerous individuals are comfortable with the usage of credit cards and other forms of borrowing, a limited number of consumers possess fundamental…

more flexible, and more stable monetary and financial system. (Federal reserve.gov) The Federal Reserve was created in 1913 with the enactment of the Federal Reserve Act. The Fed…

actions that governments take in the economic field, economic policy hopes to accomplish a constant flow of supply and demand as well as incoming money. The economy has many working factors such as; supply-side economics, demand-side economics, and monetary policy. Supply-Side economics emphasizes the thought of strong economy policies that remove impediments to supply. Supply-Side economics originated from President Ronald Reagan, and is known as "Reaganomics" or "trickle-down" policy. Reagan…

Great Recession, 2007 - 2009, was not ordinary as it compares with recessions in history. There are significant lessons for the future about the consequence of dynamic monetary and fiscal policies in combatting budgetary catastrophes such as the Great Recession of 2008. In the past recessions were minor and many regarded monetary policy as the lone policy required to circumvent profound recessions and save the economy from exorbitant inflation. Fiscal policy became vital as a stabilizer…

controlling the interest rates. The federal system is compromised of four separate branches. The Board of Governor, 12 regional banks, the Federal Open Market Committee or (FOMC), 12 regional banks and member banks. The fed also handles “Monetary Policy”. Monetary policy influences the interest rate which plays a key role in how the economy functions. When interest rates are high, borrowing becomes to expensive, when interest rates are low, people…

setting tax rates." The succession of economic policy can be view through the health of the economy the lowering of unemployment rate inflation and the increase economic growth. With many aspects to economic policy supply side, demand side, and monetary policy being different approaches to tackling many different economic issues. Supply side economics…

Congress has the authority to eliminate or reduce any benefits that retirees are desperately dependent on. By reconstructing our current system to privatization, we are able to safeguard millions of retirees of their benefits by putting their retirement fund into government-supervised private accounts, which would…

and pull back all their cash in the long run, the bank runs out cash this is the point at which the Federal Reserve mediates. The Federal Reserve measures and ascertains diverse parts of the economy and considers the results to settle on essential monetary choices and arrangements. The Federal Reserve System is a framework made to expand work, balance out costs, guarantee direct…

sparked by keen interest by policy makers at the Federal Reserve. Mr. Meyer, in his article entitled, “Why Millennials Should Pay Attention to Monetary Policy,” supports his point by referencing increased media coverage of the Federal Reserve. For instance, the Fed plays favorites with different demographics, there is growing political influence on monetary policy, and future prosperity is threatened when policymakers play with the value of the dollar (Meyer,…

The title of the book was The Post-American World by Fareed Zakaria. The Post- American World is known as Mr. Zakaria’s international bestseller. In the book, Fareed Zakaria discussed different time periods of the nations ups and downs of the economy. Mr. Zakaria started the book in January 2000 and explored how the global economy would change over the next several years. In order for the reader to understand the concept of the nation’s economic highs and lows the book showed be seen as…