Effectiveness of the Counter-Cyclical Policies

User Generated

wnpxtvey123

Business Finance

Description

Purpose of Assignment

This assignment addresses how both monetary and fiscal policies have been used during the so-called Great Recession, which began in December 2007 and ended in June 2009, to the present to moderate the business cycle.

Assignment Steps

Resources: Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Create a minimum 10-slide PowerPoint® presentation, including detailed speaker notes or voiceover, in which you analyze your choice of one the following markets or industries:

  • The housing market
  • Financial markets
  • Commodity and stock markets
  • An industry of your choice, such as the automobile industry, the airline industry, retail trade, or any other major industry that suffered heavy losses during the Great Recession

Your analysis will extend from the beginning of the Great Recession, which was December 2007, to the present and should include the following:

  • An Excel® workbook with the following datasets:
    • One dataset related to the U.S. housing industry such as housing starts, the FHFA housing price index, or another dataset of your choice related to the housing market.
    • One dataset related to personal or household income or to personal or household saving.
    • One dataset related to the labor market such as the unemployment rate, initial claims for unemployment insurance, or another dataset of your choice related to the U.S. labor force.
    • One dataset related to production and business activity within the market or industry you choose to analyze.
  • Find your datasets by using different internet data sources, including, but not limited to, the Federal Reserve Bank of St. Louis's FRED site, U.S. Dept. of Commerce's Bureau of Economic Analysis (BEA), U.S. Dept. of Labor's Bureau of Labor Statistics, U.S. Census Bureau, and The Organization for Economic Co-operation and Development (OECD). Using data results analyze the economic and sociological forces that drove the market equilibrium to unsustainable heights, commonly referred to as "bubbles," and the shocks that brought the markets back down.
  • Discuss specific changes in supply and demand within the markets and/or industries you chose to analyze.
  • Examine prior government policies and legislation that might have exacerbated the impact of the shocks. Also, discuss government actions/regulations that might be undertaken, and/or have been undertaken, to moderate the effects of extreme economic fluctuations.
  • Evaluate the actions of the federal government (fiscal policy) and the Federal Reserve (monetary policy) to restore the economy and foster economic growth. Base your evaluation on information available at Internet sources such as, but not limited to, the Fed's The Economy Crisis and Response website as well as other appropriate sources found on the Internet and in the University Library. Be sure you address the effectiveness of those counter-cyclical policies.

Cite a minimum of three peer-reviewed sources and economic data not including the course text. Submit the data results in a separate Microsoft® Excel® file.

Format the assignment consistent with APA guidelines.

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Explanation & Answer

This work is complete:Please see the attached response and let me know if you need changes. Make sure you use this excel file, I have made some changes to the initial one. I only needed the housing data.Thanks!!

Mortgage Service
Companies that
Were Bailed Out
During the Great
Recession

Name

Type

State

Profit /
Net Outstanding

United Bank Mortgage
Mortgage Servicer MI
Corporation

($364,127)

First Merchants Bank

Mortgage Servicer IN

($5,178)

Select Portfolio
Servicing

Mortgage Servicer UT

($1,357,862,215)

CitiMortgage, Inc.

Mortgage Servicer MO

Wells Fargo Bank, NA

Mortgage Servicer IA

GMAC Mortgage, LLC

Mortgage Servicer PA

($309,559,668)

Mortgage Servicer TX

($100,807,086)

Mortgage Servicer NJ

($3,030,109,080)

Mortgage Servicer FL

($4,254,500,108)

Mortgage Servicer CA

($2,158,304,838)

Saxon Mortgage
Services, Inc.
JPMorgan Chase
subsidiaries
Ocwen Loan Servicing,
LLC
Bank of America
subsidiaries (incl.
Countrywide)

($730,736,711)
($3,098,829,100)

Ditech Financial LLC

Mortgage Servicer MN

($279,805,151)

Carrington Mortgage
Services, LLC

Mortgage Servicer CA

($149,742,156)

Aurora Loan Services,
Mortgage Servicer CO
LLC

($85,863,518)

Nationstar Mortgage,
Mortgage Servicer TX
LLC dba Mr. Cooper

($1,291,103,988)

Residential Credit
Solutions

Mortgage Servicer TX

($22,063,689)

Citizens Bank, N.A.

Mortgage Servicer VA

($27,593,530)

Mortgage Servicer PR

($793,769)

Mortgage Servicer CA

($1,949,423)

Mortgage Servicer CA

($460,227)

Mortgage Servicer OH

($71,058,440)

RG Mortgage
Corporation
Wescom Central
Credit Union
Technology Credit
Union
PNC Mortgage
Wachovia Mortgage,
FSB
Bayview Loan
Servicing LLC

Mortgage Servicer IA

($238,889)

Mortgage Servicer FL

($337,495,409)

Lake National Bank

Mortgage Servicer OH

($10,651)

IBM Southeast
Employees' Credit
Union

Mortgage Servicer FL

($48,589)

MorEquity, Inc.

Mortgage Servicer IN

($4,628,164)

PNC Bank, National
Association

Mortgage Servicer PA

($4,460,017)

ShoreBank

Mortgage Servicer IL

Homeward
Residential, Inc.

Mortgage Servicer TX

($280,490,773)

Mortgage Center LLC

Mortgage Servicer MI

($1,891,448)

Mission Federal Credit
Mortgage Servicer CA
Union

($732,715)

First Bank

Mortgage Servicer MO

Purdue Federal Credit
Mortgage Servicer IN
Union
Oakland Municipal
Mortgage Servicer CA
Credit Union

($346,986)

($7,514,916)
($17,976)
($10,068)

Lake City Bank

Mortgage Servicer IN

($99,700)

HomEq Servicing

Mortgage Servicer CA

($8,308,819)

Litton Loan Servicing
LP

Mortgage Servicer TX

($76,324,760)

PennyMac Loan
Services, LLC

Mortgage Servicer CA

($81,410,178)

Servis One, Inc. dba
BSI Financial Services

Mortgage Servicer PA

($38,656,922)

Horicon Bank

Mortgage Servicer WI

($67,385)

Sortis Financial, Inc.

Mortgage Servicer TX

($1,253,850)

CIT Bank, N.A.

Mortgage Servicer CA

($430,935,418)

RoundPoint Mortgage
Mortgage Servicer NC
Servicing Corporation

($2,682,378)

Central Florida
Educators Federal
Credit Union
U.S. Bank National
Association

Mortgage Servicer FL

($1,299,695)

Mortgage Servicer KY

($174,244,660)

OwnersChoice
Mortgage Servicer NY
Funding, Incorporated

($583,550)

ORNL Federal Credit
Union
Allstate Mortgage
Loans & Investments,
Inc
Franklin Credit
Management
Corporation
Seneca Mortgage
Servicing LLC
Schools Financial
Credit Union
Glass City Federal
Credit Union

Mortgage Servicer TN

($207,216)

Mortgage Servicer FL

($39,093)

Mortgage Servicer NJ

($1,751,287)

Mortgage Servicer NY

($1,401,307)

Mortgage Servicer CA

($198,427)

Mortgage Servicer OH

($12,473)

Yadkin Valley Bank

Mortgage Servicer NC

($144,486)

Great Lakes Credit
Union

Mortgage Servicer IL

($142,840)

BankUnited, N.A.

Mortgage Servicer FL

($71,873,471)

IC Federal Credit
Union

Mortgage Servicer MA

($169,069)

DuPage Credit Union

Mortgage Servicer IL

($146,320)

Los Alamos National
Bank
Quantum Servicing
Corporation
Hillsdale County
National Bank

Mortgage Servicer NM

($398,115)

Mortgage Servicer FL

($645,438)

Mortgage Servicer MI

($377,908)

QLending, Inc.

Mortgage Servicer FL

$0

Marix Servicing, LLC

Mortgage Servicer AZ

($2,162,025)

First Keystone Bank

Mortgage Servicer PA

($14,916)

Mortgage Servicer PA

$0

Mortgage Servicer ID

($275,886)

Mortgage Servicer IL

($141,806)

Horizon Bank, NA

Mortgage Servicer IN

$0

Park View Federal
Savings Bank

Mortgage Servicer OH

($53,936)

Iberiabank

Mortgage Servicer FL

($2...


Anonymous
Just what I was looking for! Super helpful.

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