Public policy

Clearly, inflation is the most important factor Brazil considers when determining what economic decisions to make. When inflation is on the rise, historically the central bank of Brazil raises interest rates in order to control inflation. Due to this policy, Interest rates in Brazil have generally been higher than the…

to 50%. After the establishment of the Eurozone, those core countries take advantage of their original dominance in regime, technology and finance, enjoying the benefits of regional integration and single currency area in which a unified monetary policy is inclined to the objectives of the core countries, which leads to more serious development imbalances. In addition, the industrial structure in some countries are irrational. For example, Greece exports agricultural and primary metal products…

The immediate cause for the Greek debt crisis is the dramatic Greek public finance situation, which was hidden through creative accounting and manipulations for many years. In the book, “Europe and the Financial Crisis,” Antimo Verde describes that in 2011 the Greece public debt is nearing the “120 per cent of [its] GDP” and the “deficit/GDP ratio exceeds 13.5 per cent.” (323, Verde) Therefore, Greece was believed to be close to a default and risk of contagion to other weak countries, such as…

Facebook’s default settings in its new features createsd a lot of issues as it related to behavioral profiling, privacy policy settings or targeted ads, timeline sharing, or video of your years with Facebook, etc. For a new featured added, Facebook should not enable automatic sign-up that changes user`s privacy settings without their permission. Apart from data retention policies, the private settings that enables or disables the sharing of users personal data without the knowledge of users…

their elephant that are founded on deeply seated emotional, moral, and religious beliefs. Throughout American history there has been a great diversity in presidential personalities and leadership styles. International relations and American foreign policy expert Walter Russell Mead provides four major presidential archetypes that can be used as a lens to analyze a president in terms of historical figures. These four archetypes are not comprehensive in the description of a president, but can be…

When we speak of monetary policy in the field of economics, one concept that arises in the mind of each thinker is Bangko Sentral ng Pilipinas (BSP). One of the objectives of BSP's monetary policy is to stimulate a low and even inflation (increase in the general level of prices for goods and services) favorable to a balanced and sustainable economic growth (increase in the number of goods and services produced in the country. It was recognized on July 3, 1993 in agreement to the establishment…

They firmly assured that governments should intervene through public policies in order to sustain a business cycle by stabilizing prices and achieving full employment. They insisted that during a recession, employment is involuntary. They claimed that wages and prices aren’t flexible downward. They can increase, but it…

In The American Economic Review (1948), The Role of the Monetary Policy by Milton Friedman debates about how monetary policy can affect an economy. In the earlier days the responsibles of the monetary authorites were to stifle any rise in the interest rate, price and output stability and to maintain the gold standard. The monetary authories did not pay much attention to the monetary policies which lead to the The Great Contraction which destroyed the economy. This prove to show that Keynesian…

country can’t act together as one body, instead they are divided and disagree. Richard Haass, president of the Committee on Foreign Relations and author of “Foreign Policy Begins at Home,” believes that the biggest threat to the U.S. is the internal divisions. Haass disproves Newland’s point that migrant flows and national leaders’ public opinions on them are the most threatening to the U.S., because Newland’s entire strategy is based on politicians and working together. If the “internal…

neoliberal attitudes. To quote David McKnight “In effect, Kevin Rudd sees the financial crisis as the Berlin Wall of the free-market, marking the end of an era”. (McKinight, 2009) “The current crisis is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neo-liberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus.” (Rudd, 2009) ‘A modified form of liberalism tending to favour free-market…