Monetary Policy :: essays papers

Monetary Policy Summary The recent tax cuts and interest rate cuts have helped put the economy back on track. He says that the strong growth of the U.S. economy in recent months is neither an illusion nor an accident, but it reflects good monetary and fiscal policy over the past year. He says that there has been a key surge in consumer spending, and that the main reason for that surge was the enactment of the tax cut in early 2001. He also stated that the repeated reductions by the Fed in short-term interest rates supported the expansionary effect of the tax cut. Even though the interest rate reductions were not enough to prevent the recession that began in March of last year, the lower interest rates did stimulate consumer spending through a variety of channels. Analysis This article is also a good example of how the aggregate demand curve can be shifted by the determinant of monetary policy. Please refer again back to article #4, which explains the principle of the aggregate demand curve. By definition, Monetary Policy is a policy influencing the economy through changes in the banking system’s reserves that influence the money supply and credit availability in the economy. The purpose of monetary policy is to improve the economy by either increasing or decreasing the real income (or GDP) of the U.S. economy so that the economy is running at its potential. The Federal Reserve (The Fed) is responsible for conducting monetary policy for the United States Economy. There are three ways that the Fed conducts monetary policy: 1) Changing the reserve requirement. 2) Executing open market operations (buying and selling bonds). 3) Changing the discount rate. This article talks about the Fed decreasing the discount rate to stimulate the economy. The discount rate is the rate of interest the Fed charges for loans it makes to banks. An increase in the discount or interest rates makes it more expensive for banks to borrow from the Fed. A discount rate decrease makes it less expensive for banks to borrow. This article is talking about how the Fed decreased the discount rate making it easier for banks to borrow, increasing the money supply. The decrease in the discount rate increases the money supply because it lowers the bank=s costs and allows it to borrow more money from the Fed.

Business Profile of Ireland Essay

Ireland is an island located in the eastern part of the North Atlantic Ocean. Almost all the areas of the country are covered by coastal areas. The density of rainfall is much in the western part of the country that receives heavy which exceeds 3000 mm (120 inches) per year and only 60% of rainfall is received in remaining areas having 762 mm rainfall per year. The country is hugely populated with Christian’s community (Thompson, 1849). The official language of the country is English and mother tongue is Irish. The education background of the country is that, 52.3% of the population are primary educated, 23.3% of the population are secondary and only 24.4% are t highly educate (Hall, 1995). Ireland is one of the most emerging countries of the United Kingdom. It allows the enthusiastic entrepreneurs to commence small as well as medium sized industries which facilitates in the growth and prosperity of the country. For this the so many assistance were provided like financial assistance from both the sides of government body and other institutions, imposing tax   at concession rate, simplified procedures for incorporating, economical tariffs and transportation costs. And other running costs prevailed is also lower compared to other parts of the UK. In addition to these the country is filled with energetic, enthusiastic, young, skilled and highly educated workforce. Ireland is a developing country with a total population of 436, 6193 according to the survey carried out in 2007.   Since1980, about 40% of the inward investment in the European Electronics sector has been contributed by Ireland (Hall, 1995). Now, it is being accepted as one of the growing countries in the world. Most of production functions are undertaken by the country itself and the well known software packages are designed in this country i.e. around 60% of the total software packages sold in different parts of the world. It is also well known that for the software export in the world. Out of top 15 pharmaceutical companies, 13 companies have been manufacturing and conducting R&D operations in Ireland. It also has been a full member of Euro Currency Zone from its inception. It can also simplify the transactions including cross border transactions and other administrative costs that enables the Irish market to gain competitive advantage over costs and gets economies of scale. ‘The Doing Business Report’ reports that the country is ranked 7 out of 181 economies in terms of ease of doing business (Economy Ranking, 2008). The report also documents that the country is accepted as the 5th economy among the 181 economies across the world to start a new venture. Source: (The Doing Business Report 2009, Economy Ranking, 2008) Political Environment The country’s political stability, risk assessment, administration and policy-making are very much feasible to the business people in domestic and their foreign policies are too favorable to the investors. Evaluating and anticipating the political stability and security to the business environment in Ireland, it can be said that the political stability of the country plays an important role in determining the entrance of new ventures in to their market. Their trade policies attract many new entrepreneurs to commence their business operations in the country. Recent emergence of emigration, environmental risk and the affect of technological changes to the political agenda   have been seen along with Ireland’s economic   performance, their   peace process, the policy areas of health, housing and industrial relations of the country. Economic growth rate since past decades of the country in terms of per capita GDP level showed a higher trend. The reason behind such development was imaginative i.e. the dynamic programs developed by Irish political and administrative leaders irrespective of the governing body mainly focused on the development of the country as a whole and not as an individual. Ireland’s good working condition and better relationship with the United Kingdom has enabled the two governments to achieve significant progress and developments in the country. Comparative advantage of the country When we are talking about the comparative advantage of the country it is necessary to evaluate the overall development of the country. There is a good sign in inflation rate which is showing decreasing trend from last decades, this resulted in increase in the purchasing power of the people and also the micro factors GDP and Per Capita of the country also showed a positive sign. In addition to these foreign exchange rate increased. This inspired more and more outside companies to establish their business in the country and increased the amount of contribution of the foreign companies in the country, this factor provided employment opportunities to the people of Ireland. The following are the various categories that offer large amount of employments to youth. –  Ireland Industries – Ireland Hi tech – Ireland real estate – Ireland Services – Sundry The other comparative advantage of the country is the prevailing taxation policy of the country. It impose lower rate of taxation for existing industries as well as new industries. The policy of taxation is based on the individual income .In other words, higher the income higher the rate of tax payable. Companies those who are following the conditions as mentioned in the assessment year of July 1998, only 10% corporate tax will be applicable. This tax slab rate will remain unchanged till 2010. If it is a passive income only 25% is applicable (Cantillon, 2001). Income tax imposed on individuals is also low as compared to other countries in the world. For an individual, tax will be payable according to income earned in Ireland and overseas who follows the requirements to become a resident of Ireland for. A foreign resident who is employed in Ireland is also liable to pay tax on income earned in Ireland. It is yet another comparative advantage over other countries. Besides this they are also preventing the levy of double tax to the foreign companies even though it is followed in other parts of the country. In addition to these advantages, the government of Ireland provides VISA to the foreigners to do business in their country. In certain occasions they give passport having 3 months validity to the foreigners to stay. And a work permit will be given to the foreigners by the government if all the conditions in the gazette are complied by them. And suppose they are issued without fulfilling the conditions it will badly affect the employ Tax. They are liable to pay tax on income earned in Ireland and overseas by an individual who meets the test of a â€Å"permanent resident† of Ireland. A foreign resident who is employed in Ireland pays tax only on income earned in Ireland and not on overseas. The work permit is granted for the period of one year if required it can be extended. The major industries of Ireland The major industries located in Ireland are Agriculture, Beverages, Chemicals and Fertilizers, Clothing, Construction, Electronics and Data Processing, Food Processing, Machinery, Pharmaceuticals, Textiles, Tourism. Major companies working in Ireland Barry’s Tea Ltd It is a privately owned company. It was founded in Republic of Ireland in 1901 whose headquarter is situated at Cork. The main products of the company are Tea. About 73 employees are working in the company. The annual turnover of the company is â‚ ¬ 31 million. Baltimore Technologies It was founded in 1976 at Dublin, Ireland. About 12 employees are working in the company. The main products of the company are Public Key Infrastructure Solutions. The Company was acquired by Oryx International Growth Fund in July 2006. Airtricity The company was established in 1997 in Ireland. Paul Dowling is the current CEO of this company. Mainly they are producing electronic items. About 380 employees are working in the company. Arnotts It is one of the oldest and largest department stores at Dublin, Ireland. It was established in the year 1843 by Sir John Arnott. It is a privately owned company. â‚ ¬ 750000000 is the asset of the company. Market capitalization of the company is US$13billion.

High Blood Pressure Essay - 1374 Words

Data from World health organization (2002), estimated that high blood pressure was the cause of death for more than 7 million individuals every year, affecting 972 million of world population which accounts for 26.4% in total, 26.6% of those are men and 26.1% are women. In addition 333 million of those in developed countries and 639 million in developing countries and responsible for 11% of all diseases burden in industrial countries, it also estimated to be the case of death for more than 20% in men and almost 24% in women. (WHO, 2003), (Kearney et al, 2005) In the future, high blood pressure is predicted to increase about 60% by 2025 to reach a total of 1.56 billion. This increase expected to contribute of 9% and 13% in both men and†¦show more content†¦(Ezzati et al, 2002) High blood pressure also was estimated to be attributable of causing 9.3 % of disability in high income countries and 5.6% of disability in middle and low income countries. In Europe, around 12.8% of total disability –adjusted life-years estimated to cause by hypertension. (WHO.2002b) This high predicted rate of prevalence of high blood pressure represents a real challenge for the decision-makers in health field in the whole world public and nongovernmental organizations as well as world health organizations. One of the most important of which, is the high financial cost. For example, only in UK the high blood pressure medication cost around  £409 million yearly (BHS strategic review, 2010), and in The USA the high blood pressure medication cost about $17.8 billion yearly. (Thom et al, 2006) As result of higher prevalence of high blood pressure was among low educated people in comparing to high educated people, this explains how awareness is another burden to promote among less educated people. In the other hand increase of awareness among educated people make it easier to following instruction that prevent developed high blood pressure. (psaltopouloue t al ,2004) According to the seventh report of the Joint National Committee on the Prevention, Detections, Evaluation and Treatment of high blood pressure. Anti- hypertensive medicinesShow MoreRelatedHypertension : High Blood Pressure Essay1266 Words   |  6 Pages Many of my clients with high blood pressure take premium Omega-3 oils, and have reported benefits such as decrease in spikes, normalized pressure readings and other cardiovascular beneficial effects. Hypertension is High Blood Pressure, and blood pressure is defined as: (from Wikipedia) ... the force exerted by circulating blood on the walls of blood vessels, and constitutes one of the principal vital signs. The pressure of the circulating blood decreases as blood moves through arteries, arteriolesRead MoreHigh Blood Pressure Essays1571 Words   |  7 PagesRaised blood pressure is major preventable cause of CVD, and hypertensive people are three times more likely to develop CVD. 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