Briefly describe the following three different rules-based
approaches to monetary policy that have been advocated by...
Briefly describe the following three different rules-based
approaches to monetary policy that have been advocated by academic
economists: Friedman’s kpercent rule, the Taylor Rule, NGDP
targeting.
Critically and briefly describe the following conventional
monetary policy tools and policy target and their relative
effectiveness in controlling business cycle fluctuations such as
state of recession and/or state of inflation. How do they operate
during recession and inflation? Draw AD-AS diagram of
macroeconomics model to illustrate your explanation in words.
Reserve Requirements
Discount Rate
Open Market Operations
Federal Fund Rate (Policy target)
Distinguish between budget deficit and public debt with an
example from actual data from the US government...
Classical, Keynesian and Monetarists view of monetary
policy.
Compare and contrast these three approaches to monetary
policy.
Include in your analysis if monetary policy is considered
effective under all the schools.
Moreover, what is the role of money in the economy?
What causes inflation?
Market reforms have long been advocated by such Bretton Woods
institutions as the International Monetary Fund and the World Bank.
In light of this, how would you explain the widespread adoption of
market reforms in the guise of a “Washington Consensus” in the late
1980s? What is the Washington Consensus and why did so many
countries in the region turn to the market at this particular point
in time?
What are the three monetary policy tools of the Fed? Briefly
describe how each tool can be used to implement an expansionary
monetary policy and a contractionary monetary policy.
Discuss briefly the three approaches that have been suggested
for reporting changes in accounting principles. Additionally,
identify and describe the approach the FASB requires for reporting
changes in accounting principles. Finally, discuss and illustrate
how a correction of an error in previously issued financial
statements should be handled.
Intermediate Accounting textbook
Author: Kiexo, Weygandt, and Warfield
Publisher: John Wiley & Sons
Edition: 17th
Briefly describe each of the above three approaches to
accounting for goodwill
Identify and briefly comment on some of the criticisms of the
existing impairment model.
State support for a hybrid alternative where goodwill is
amortized over 10 years as well as tested for impairment
periodically