Essays on Personal Finance

A nation’s Gross Domestic Product (GDP) shows the citizens’ economic stability and their living standards.  The GDP of a nation can be affected by various factors like the change in interest rates, inflation and adjustment in the demand and supply of goods and services. The government’s fiscal and monetary policies...

Monetary Base and Money Supply Monetary base can be referred to as the total currency circulating in public or bank deposits in the central bank. It relates mostly to coinage, notes and current commercial banks deposit hence its component of a state money supply. As a result of the creation of...

The Monetary Policy Committee (MPC) of the Bank of England has not been successful in maintaining inflation. Monetary policy refers to the use of interest rates and other tools to affect consumer spending and aggregate demand in the economy (Boneva, Weale and Wieladek 2016). Some of the monetary tools used...

In the current era, physical banking is gradually losing the hype that it initially had and this can be attributed to the advancement in technology. Digital banking has taken over and it is possible today for people to transact business using their bank accounts remotely. However, all these are subject...

Unemployment rates Unemployment rates refer to the percentage of individuals in the labor force that are unemployed but are seeking for employment or are willing to work. The metric varies from one country to the other depending on their economic situation. Inflation rate Inflation rate, on the other hand, is termed to as...

The Disparities in Measuring National Welfare The subject tries to identify the disparities that occur during the measurement of the overall national welfare of the country without considering the real changes in the households of the country. In most countries, GDP per Capita is attributed to growth in economic performance at...

The concept of Economic convergence The concept of Economic convergence has had a significant influence on the elements of growth empirics, capital stock, per capita output, human capital and income per capita in the global economy. According to the convergence hypothesis also referred to as the “catch up effect”, all economies...

As noted in the video Stalag 17 and in your readings, many things have been used as money over time: cigarettes, gold, paper currency (like the U.S. dollar), etc. Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no...

Macroeconomics is one of the branches of economics that analyses the structure, performance, decision-making and behavior of the general economy. There are a variety of variables in microeconomics, identified as “microeconomic variables” that are essential in the analysis of the market performance (Mankiw 176). The key microeconomic variables include price...

This essay is a summary of previous articles on war on cash and the elimination of paper cash. Different authors have varying views on use of large cash denominations and the impact of eliminating paper cash in the economy. The war on cash and the impact of elimination of paper currency...

The paper focuses on evaluating and discussing Texas decision not to have a state income tax. The paper will tend to examine relevant arguments such as the reasons for their enactment of the policy, evaluation of the decision, and the impact of the policy. The paper also analyses the...

The Mechanism and Transmission of Monetary Policy The mechanism and transmission of the monetary policy has become and major threat to the economic development and growth. In this regard, the monetary policy transmission can be referred to as the changes and amendments to the cash flow affect the economic growth, economic...