accountability comes from the legal nature of a central bank and from the tasks that a central bank usually fulfills. Two questions may arise: Accountable for what?
provided us, and we have come to a decision on what policy should be put in place. The numbers are very high so the action should be placed immediately. The normal rates should be 2-3% for inflation and real GDP and 5% for unemployment. In this particular situation unemployment is 12.5%, GDP is 13%, and inflation is 9%. With this information we had to decide what policy we want to put in action, either monetary, or fiscal. With the monetary policy, we would only be changing the inflation rate. There
Why is inflation targeting favorable as a monetary policy to the Philippine government? Inflation is good for the Philippine economy because these cater business growth. The Central bank of the Philippines has been tasked by the government to watch over the price stability on the country’s economy. A law has been passed for attaining price stability as a worldwide goal of the central banks. Typical Filipino family standard basket consumption’s average price of goods is measured using the Consumer
Monetary or monetary policy is the macroeconomic policy of monetary authorities, a set of measures aimed at managing aggregate demand through the terms of the money market (short-term interest rate, nominal exchange rate or current liquidity level of the banking sector) to achieve a combination of ultimate goals, which could include price stability, maintaining a stable exchange rate, financial stability and promoting a balanced economic growth. The history of the term "monetary policy" originates
of Recommendation 14 Conclusion 15 References 16 Appendices 17-19 EXECUTIVE SUMMARY The researcherexplained how economic systems attempt to allocate resources effectively, the impact of fiscal and monetary policy on business organisations and their activities and the impact
unable to find work. Unemployment is often used as a measure of the health of the economy which means if the number of unemployment people decreased that will lead to get high efficiency and sufficient economical attitude, activates, and results. Major types of unemployment cyclical, frictional, and structural. Cyclical unemployment occurs as economy experiences many ups and downs in shape of cycles. Frictional unemployment occurs because of the normal turnover in the labour market and the time it takes
apprehended. This policy may also force Ecolab to charge more money to customers for their products and services which can bring a disadvantage for the organization as they are competitors who have less charge on products and services and act as a substitute for the
6. Remuneration policy 7.1. Introduction The objective of the Charis India Care Foundation (CICF) remuneration policy is to attract, motivate and retain qualified and expert individuals that CICF needs in order to achieve its strategic and operational objectives. The purpose of the remuneration policy is to focus on improving the performance of staff and enhancing the value of employees. Remuneration is the total compensation that an employee receives in exchange for the service performed for their
7. Remuneration policy 7.4. Introduction The objective of the Charis India Care Foundation (CICF) remuneration policy is to attract, motivate and retain qualified and expert individuals that CICF needs in order to achieve its strategic and operational objectives. The purpose of the remuneration policy is to focus on improving the performance of staff and enhancing the value of employees. Remuneration is the total compensation that an employee receives in exchange for the service performed for their
Depending on which side of an individual transaction, his welfare is affected by a change in one or more prices. Therefore, inflation must be well guided by the monetary authority of the country in order to raise the standard of living. The fact that increases in price level leads to a fall in the standard of living; unreliability of government policy is no more an issue of argument. The output of inflation can easily be assumed. Given constant set of prices today, the situation of chasing the same