Economic Policies
Economic Policy gives an account of present and planned monetary advancements and helps with the determination of fitting financial approaches. The workplace is in charge of the audit and examination of both household and universal monetary issues and advancements in the budgetary markets. The essential mission of the Office of the Assistant Secretary for Economic Policy is to bolster the Secretary of the Treasury as the vital financial authority in the legislature. The Office uses monetary investigation and assesses current financial information to help with the determination of fitting financial arrangements.
In the story of Joseph it mention that God give him a dream that Egypt was going to have a time of harvest and a time of famine. Joseph was asked to interrupt the king dreams which he did. The king was pleased to hear what it meant then made him second in command over Egypt. He became the administrator over the land and made sure that the economy was taking care of the way it should. He used his skills tackle all of the economic issues at that time and season.
The Office of Financial Analysis, the antecedent to the Office of Economic Policy, was set up in late 1961 to prompt the Secretary on a wide scope of monetary issues. Its first chief was Paul Volcker (1962-1963). Under his authority the Office embraced exploration extends and examined current improvements in the economy. This Office framed the premise of the new Office of the Assistant
The story of Joseph and the Amazing Technicolor Dreamcoat is integral to the overall narrative of the Israelites’ descent into Egypt. It also tells us that anyone can make his or her dreams come true. His progression from dream interpreting shepherd to minister of Egypt is one of the most elaborate stories in the Bible, the Book of Genesis. Joseph was born in a family of 12 boys and Joseph was his father’s favorite. Jacob wanted to show everyone how much he loved Joseph and decided to give him coat of many colors. The coat of colors was a prestige gift in Canaan, because it was very expensive back then. Joseph had a dream of 11 sheaves of corn that turned and bowed down to a golden sheaf of corn another dream that was about the sun, moon, and sky with eleven stars bowing down before a bright golden star. He knew that someday he was meant for more things to come that are powerful in his life. This was God’s way to show him that he will be great someday and be a ruler. With the combination of knowing Joseph is Jacob’s favorite son and Joseph’s dreams of being one that he may be a ruler of some kind, the 11 brothers become very jealous. One day, they decided that they wanted to kill him, but before they get the chance, they came across a couple of Ishmaelite’s on their way to Egypt. They decided to sell Joseph as a slave. As Joseph is taken to Egypt, his brothers return home, told their father that Joseph is dead; they brought back his coat stained with goat blood
Joseph began his life as the favorite son of Jacob who tended to the flocks as a shepherd.3 These humble beginnings foreshadow how one day Joseph will tend to the Seed of the Woman during times of famine in the land by giving food to this eleven brothers. Jacob, who was the son of Isaac, had eleven other sons who were jealous of the special attention that Joseph received. In fact, they hated him and could not speak a kind word to him.4 Joseph had a dream that predicted that Joseph would one day reign over his older brothers. This upset his brothers and they tricked Joseph by selling him into slavery. Joseph was then taken to Egypt where he was sold to Potiphar and became a servant in
In the late 2007, early 2008 the United States and the world was hit with the most serious economic downturn since The Great Depression in 1929. During this time the Federal Reserve played a huge role in assuring that it would not turn into the second Great Depression. In this paper, we will be discussing what the Federal Reserve did during this time, including a discussion of our nation’s three main economic goals which are GDP, employment, and inflation. My goal is to describe the historic monetary and fiscal policy efforts undertaken by the U.S. Government and Federal Reserve, including both the traditional and non-traditional measures to ease credit markets and stimulate the economy.
The first editorial, “The Federal Reserve Politicians,” discussing the expanding power the federal reserve has. The federal reserve officials have become the most important economic decision makers in the government. The author believes that under a healthy government the Fed or any party should not have so much power without more accountability.
So when Joseph came to them, they took off his beautiful robe and they threw him in an empty well. Then they sold him to people that were going to Egypt. The brothers took the robe and dipped it in animal’s blood and brought it to their father. They told Jacob that an animal killed him. Jacob was really upset. Joseph was now in Egypt working as a slave. He was Potiphar’s helper and made him mandated of everything he owned. Then the Pharaoh sent him to jail. After some time in jail a cupbearer and a baker’s Pharaoh had a dream that he was going to get out of jail soon. Joseph told them to tell the Pharaoh about him but the cupbearer forgot. Two years later the Pharaoh had a dream, but nobody could understand it. Then the cupbearer remembered what Joseph did for him, and Joseph was brought to Pharaoh. Joseph explained him and the Pharaoh believed all that he told him, and put him in charge of all the land of Egypt. People came from all over to buy grain from Joseph, including Joseph's brothers. When his brothers came, Joseph was able to recognize them, but they did not. Joseph told them that he was their brother and even thought they were afraid Joseph was not mad at them because he knew that God had a better plan for him. After it his entire family moved to Egypt
All day and all night, they battled the emergency with each instrument available to them to keep the United States and world economies above water. Working with two U.S. presidents, and under flame from a crabby Congress and an open angered by conduct on Wall Street, the Fed—nearby associates in the Treasury Department—effectively settled a wavering monetary framework. With inventiveness and definitiveness, they kept a financial fall of incomprehensible scale and went ahead to create the strange projects that would resuscitate the U.S. economy and turn into the model for different nations. Rich with detail of the basic leadership prepare in Washington and permanent representations of the real players, The Courage to Act relates and clarifies the most exceedingly bad budgetary emergency and monetary droop in America since the Great Depression, giving an insider 's record of the approach reaction (http://www.forbes.com/sites/richardsalsman/2012/03/06/five-financial-reforms-that-would-prevent-crises-and-promote-prosperity/#).
The Federal Reserve System was created by Congress in 1913 and passed the Federal Reserve Act in order to provide for a safer and more flexible banking and monetary system. According to the changing needs of the system, its objectives have been changing throughout the history of the Fed. At first, “its original purposes were to give the country an elastic currency, provide facilities for discounting commercial credits, and improve the supervision of the banking system under a decentralized bank.” (The Federal Reserve System, 1984, 1). Prior to its establishment (the Fed), the supply of bank credit and money was inelastic, thus resulting in an irregular flow of credit and money, and contributed to unstable economic development. These objectives were aspects economic policies and national monetary. However, through time, stability and growth of the economy, high employment levels, stability in the purchasing power of the dollar, and reasonable balance in transactions with foreign currencies have become to be recognized as primary objectives of the governmental economic policy.
As president of the United States, the public often believes that the nation’s leader can control the economy. However, while the president may have some influence over the economy, having control over the economy is far from truth. In fact, more often than not a president’s influence over the economy is more subtle and difficult to measure until years after the president has left office. The president is given the responsibility of appointing members of the Federal Reserve Board who are subsequently approved by the Senate. The Federal Reserve Board is responsible for much of the monetary policy which governs the central banking system if the United States controlling interest rates, the money supply, and overseeing the Nation’s banking system
Congress has handed over the responsibility for monetary to the Federal Reserve, also known as the Fed, but retains oversight responsibilities in order to ensure that the Federal Reserve adheres to the statutory mandate of stable prices, moderate long-term rates of interest, as well as, maximum employment (Labonte, 2014). The responsibilities of the Fed as the country’s central bank are classified into four: monetary policy, supervision of particular types of banks and financial institutions for soundness and safety, provision of emergency liquidity through the function of the lender of last resort, and the provision of services of the payment system to financial institutions, as well as, the government (Labonte, 2014). The monetary role of the Federal Reserve necessitates aggregate demand management. The Federal Reserve defines monetary policy as the measures it undertakes in order to influence the cost and availability of credit and money to enhance the objectives mandated by Congress, which is maximum sustainable employment and a stable price level (Appelbaum, 2014). Since the expectations of businesses as capital goods purchasers and households as consumers exert an essential influence on the main section of spending in America, and the expectations are influenced in essential ways by the Federal Reserve’s actions, a wider definition would involve the policies, directives, forecasts of the economy, statements, and other actions by the Federal Reserve, particularly those
Joseph no longer wanted to manipulate people. and he had finally learned how to best tell his dreams without sounding boastful or rude. He let the people know that no one could interpret the dreams he saw besides God, and that he would only tell them what he saw, and not what it meant. Finally, after all the struggles that Joseph went through there was light at the end of the tunnel. The Pharaoh had heard of the man who could interpret dreams, and called upon him.
A greater conflict is later revealed later in the story. Joseph is brought before Pharaoh to interpret his dream, and he reveals that after seven years of plenty, a severe famine will engulf the land so that the seven years of plenty will be forgotten. In order to prepare for the famine, Pharaoh must appoint someone to oversee the storing and rationing of the food in Egypt. Since Joseph interpreted the dream that the magicians and wisemen of Egypt could not, Pharaoh made Joseph second in command over all of Egypt. Through Joseph Egypt is well-prepared for the famine.
As an assistant manager for Skanska I have been asked by my manager to explain how fiscal and monetary policy decisions affect the business in which I work. To undertake this task I will provide explanation of the fiscal and monetary policies. I will also explain what interest rate is and what could be possible changes on it. Additionally, I will explain how both policies could make changes in employment level. Fiscal policy
Throughout Joseph’s life, whether he was locked away in prison, or second in command of Egypt, he always worked hard and never betrayed the trust his masters put in him. When Joseph was fist sold into slavery in the land of Egypt he found himself in charge of an official’s house. It was a prestigious position where he had little oversight, “having left everything he owned in Joseph’s charge, he gave no thought, with Joseph there, to anything but the food he ate” (39:6). Instead of abusing the trust that his master placed in him by sleeping with his wife, however, Joseph worked hard and respected all that belonged to his master. Later, when Joseph became incarcerated he was put in charge of all the prisoners in the entire jail, “everything that had to be done there, he was the one to do it” (39:22). Joseph once again had little oversight, yet instead of becoming lazy or abusing the trust of the chief jailer, Joseph continued to work hard during the entirety of his incarceration. Joseph’s work ethic throughout these hardships amaze me. Being able to continue to work after having been sold into slavery by his brothers and wrongly thrown into prison by his mater is something that I know I do not have the inner strength to do. I struggle to clean up a mess my siblings made without arguing, or complaining. After his incarceration, Joseph became extremely powerful rising to the rank of second in command of Egypt. Joseph could have done whatever he wanted, seek revenge on those who wronged him, or became lazy and push the work onto someone else. Despite this, Joseph stayed true to his task of collecting grain. He “collected grain like the sands of the sea, so much that at last he stopped measuring it” (41:49). After suffering through all the hardships in his life I am bewildered by Josephs ability to maintain his work ethic. He did not allow the power to go to his head and corrupt him, but rather stayed the same humble servant that he had always been.
When the time came for him to bear fruit, he was released from prison and was made the ruler over all of the land of Egypt overnight. The Egyptians were ruled according to the Word of Joseph and he sustained them. The archers had sorely grieved him, shot at him and hated him. But his bow abode in strength. He became the shepherd and stone of Israel. All what he did prospered.
Hence the recommendation suggested that the effects of monetary policy transmitted through the financial indicators of the firms which are large enough to notice. However the financial advisors are the policy makers and it required vigilant eye at the financial figures of different companies, in order to reform and cater the monetary policies.