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Inflation Control

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Subject
Economics
School
University of Maryland University College
Type
Homework
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Running head: INFLATION CONTROL 1
Inflation Control
Student Name
Institutional Affiliation

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INFLATION CONTROL 2
Inflation Control
The article, “Inflation: Drivers and Dynamics 2020 CEBRA Annual Meeting Session
Summary” highlights some of the effects of continued increased inflation rates. The inflation rate
has spiked over the last years as currencies have been losing value. Consequently, the purchasing
power of consumers has deteriorated since the disposable income has not been increasing at the
same rate as inflation. Significantly, the Federal Reserve has made various efforts to achieve the
desired future inflation rates; however, this has not made any significant change (Taylor &
Barbosa-Filho, 2021). Additionally, the central bank has issued various monetary policies to
control inflation. While the government and the financial institutions are struggling to achieve
the desired rates of inflation through measures such as open market operations, interest rates, and
the reserve ratios, I believe further measures such as export control, the cost of production
control, and demand control can be supplemented to reduce the rate of inflation.
The table below shows the inflation rate for the last four years in the United States.
Year
Inflation rate
2020
1.25%
2019
1.18%
2018
2.24%
2017
2.14%
Export controls in the united states have majored in critical technologies, goods, and
services to foreign nations. Various regulations restricting the release of such technologies have
been established, covering the scope of international sanction programs covering certain
activities in a country. Significantly, these rules are applied to critical goods such as equipment,

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Running head: INFLATION CONTROL 1 Inflation Control Student Name Institutional Affiliation INFLATION CONTROL 2 Inflation Control The article, “Inflation: Drivers and Dynamics 2020 CEBRA Annual Meeting Session Summary” highlights some of the effects of continued increased inflation rates. The inflation rate has spiked over the last years as currencies have been losing value. Consequently, the purchasing power of consumers has deteriorated since the disposable income has not been increasing at the same rate as inflation. Significantly, the Federal Reserve has made various efforts to achieve the desired future inflation rates; however, this has not made any significant change (Taylor & Barbosa-Filho, 2021). Additionally, the central bank has issued various monetary policies to control inflation. While the government and the financial institutions are struggling to achieve the desired rates of inflation through measures such as open market operations, interest rates, and the reserve ratios, I believe further measures such as export control, the cost of production control, and demand control can be supplemented to reduce the rate of inflation. The table below shows the inflation rate for the last four years in the United States. Year Inflation rate 2020 1.25% 2019 1.18% 2018 2.24% 2017 2.14% Export controls in the united states have majored in critical technologies, goods, and services to foreign nations. Various regulations restricting the release of such tech ...
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