they participate in the discussions about the economy and contribute the options on which policy should be used (Federal Reserve, 2014). The committee meets eight times a year, unless an emergency meeting is held to discuss economic and financial development (Federal Reserve, 2014). The committee issues a policy statement that summarizes each meeting in accordance to the economic position and the policy decision (Federal Reserve, 2014). The chairman speaks to the press four times a year on…
International relations present a subfield of political science that examines the international politics of the world. International relations study the behaviors and interactions among various actors in forming international political processes. Theories are developed to better understand the events that occur in international relations every day in order to answer the questions in this area. Theories depict a domain within an organization and specifically tie together a field of inquiry in…
Problem and solution in Zimbabwe Introduction Inflation refers to rise or increase in prices and fall in the purchasing of the value of money. A problem tends to affect many countries worldwide. Among the countries that have been affected by this crisis, Zimbabwe is one of them. The problem always plunges many countries into long seasons of instability. It is one of the countries facing the problem of inflation for a longer period. The problem of inflation in Zimbabwe came because of bad…
Health policy can be defined as the "decisions, plans, and actions that are undertaken to achieve specific healthcare goals within a society (Heiman, Smith, McKool, Mitchell & Roth Bayer, 2016). It provides the context in and framework in which health care and public health systems operate. Most of the design and operation of the nation’s health care system is intertwined with the national economic and political environment (Williams & Torrens, 2008). An explicit health policy can achieve…
Dollarization is the replacement of a countries domestic currency with that of a foreign currency. Dollarization has occurred in several countries including, but not limited to, Panama, El Salvador, and Ecuador. For countries with volatile currencies, dollarization offers them the ability to stabilize their economy. While dollarization has its pros, it is not without its cons, and for Ecuador, this is no exception. In my initial discussion, I believed that dollarization was a positive move for…
The Forecasting for the June 15th financial instruments of the S&P 500, 10 year T-Notes (yield), the gold price, the oil (WTI), the unemployment rate, and the Euro. My reasoning for these instruments was a mix between guessing and little economic reasoning. Out of the 6 financial instruments I was closest to 10 year T-Notes (yield), and the oil (WTI). While the other four instruments I was either in the right direction or the market went in the opposite of what I predicted. On May 18th the S&P…
with a certain access permission is capable of passing that permission (perhaps indirectly) on to any other subject (unless restrained by mandatory access control)". 2. Why would you add permissions into a group instead of the individual? What policy definition do you think is required to support this type of access control implementation? User accounts are designed for individuals. Group…
I am applying for the Sociology and Education program at Columbia’s Teachers College because I feel that many attempts at making education better for marginalized communities, though well-intentioned, haven’t been able to reach their full potential. In India, for example, efforts like the Right to Education Act or teacher performance incentives in Andhra Pradesh have been ambitious ideas. And yet, because they haven’t been informed by the needs of the communities they hope to address, many…
The commonly perceived operation of a bank is fairly simply; a bank received deposits and holds them in trust The bank lends out the funds to generate income - the loanable funds model.. While this perceived intermediary role of a bank is fairly typical, it in fact does not illustrate the process and method by which banks hold deposited funds. The actual method is called Fractional reserve banking [FRB], in which banks are required to keep a fraction of the total reserves (deposits) held,…
Along with GDP. unemployment and inflation, there are other approaches that can be used to help build or slow down the economy if needed. Over the years, different economists have been going back and forth about which policy or approach may be best for the economy. There are several viewpoints about how to best stimulate our economy. The first is the classical approach. Classical economists (theorists) focus on the laissez-faire approach, meaning they want no outside…