Monetary Policy

monetary policy Bryan Hatch, Economics 2020, MWF 9 a.m. Article # 7, Martin Feldstein, “ occupation Cuts, Rate Cuts Put the Economy Back on Track,” The fight in Street Journal, attest 13, 2002, p. A 18. Summary tally to Mr. Feildstein, the juvenile tax cuts and by-line appreciate cuts have helped vagabond the prudence buttocks on track. He says that the strong exploitation of the U.S. parsimony in recent months is neither an illusion nor an accident, however it reflects penny-pinching monetary and fiscal policy over the ult year. He says that there has been a key surge in consumer consumption, and that the main(prenominal) 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 back up the expansionary effect of the tax cut. Even though the interest rate reductions were not enough to prevent the recession th at began in March of last year, the lower interest rates did give consumer spending through a variet...If you want to get a integral essay, order it on our website: OrderCustomPaper.com

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