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Monetary Policy Paper

Monetary Policy Paper

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Title: Monetary Policy Paper

Essay Details:

Subject: Business

Author: Alice W

Date: October 27, 2012

Level: University

Grade:

Length: 4 / 1065

Essay text:

The state of the economy, concerns of the Federal Reserve, and the stated direction of recent monetary policy will also be discussed. "Monetary policy is a policy of influencing the economy through changes in the banking system's reserves that influence the money supply and credit availability in the economy" (Colander, 2004, p. 659). Monetary policy also refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy...

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