The Role of the Central Bank in Stabilizing the Economy Essay -- monet

Monetary Policy Monetary policy is divided into two categories, contractionary monetary policy and expansionary monetary policy. Contractionary monetary policy is a policy that reduces the money supply and increases interest rate. It aims to slow down economic growth in order to prevent or slow down inflation. Expansionary monetary policy is a policy that lowers interest rate and increases money supply. It aims to stimulate economic growth and to pull the country out of recession. There are different tools of monetary policy such as Open Market Operations, Discount Rate and Reserve Requirements. The Open Market Operations are one of the major tools in monetary policy. It involves buying and selling bonds to regulate money supply in the country’s economy. In term of expansionary monetary policy, the central bank increases the money supply by buying bonds from commercial banks, and then the funds are increased and the commercial banks can use as loans to public. When there are more cash in the bank, the interest rates will be decreased and this promotes economic growth. In term of contractionary monetary policy, the money supply reduces as the central bank sells bonds to the commercial banks, the short term interest rate of banks increases and therefore it slows down the economic growth. Discount Rate is the interest rate that commercial banks pay to borrow funds from central bank (U.S. Department of State, n.d.). This works when the public deposit money into commercial banks; commercial banks also deposit money into the central bank. At the same time, the central bank lends money to commercial banks and commercial banks lend money to the public. When there is inflation, the contractionary monetary policy is applied. The c... ... [6 March 2014] Tutor2u, n.d., limitations of gdp when measuring living standards, available from http://www.tutor2u.net/economics/content/topics/livingstandards/limitations_of_gdp.htm [5 March 2014] U.S. Department of State, n.d., Bank Reserves and the Discount Rate, available from http://economics.about.com/od/monetaryandfiscalpolicy/a/bank_reserves.htm [3 March 2014] Weil, n.d., Fiscal Policy, available from http://www.econlib.org/library/Enc/FiscalPolicy.html [4 March 2014] Workshop on Fiscal Policy IMF, 2009, The Effectiveness of Automatic Stabilizers, available from https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=16&cad=rja&ved=0CEkQFjAFOAo&url=http%3A%2F%2Fwww.imf.org%2Fexternal%2Fnp%2Fseminars%2Feng%2F2009%2Ffispol%2Fpdf%2Ffatas.ppt&ei=c_4VU-j6NI6AhAf0lYCQDw&usg=AFQjCNHGi-hdnMfsvPmWfdpw6j9cisYLkQ&bvm=bv.62286460,d.ZGU [4 March 2014]

A Comparison of Slim, Curly and Crooks Essay

Slim Slim is the â€Å"prince of the ranch† (pg. 33) and a man held in the utmost view of respect. When we are first introduced to this character, he is described as a man whose â€Å"authority was so great that his word was taken on any subject, be it politics or love†¦ His face was ageless†¦ His ear heard more than was said to him, and his slow speech had overtones not of thought, but of understanding beyond thought.† (pg. 33) Past his optimal physical attributes, tall and built, Slim is the most caring man of the bunkhouse. He welcomes George and Lennie into the group without hesitation and even gives Lennie a pup. Along with his compassion, he has an air of dignity and understanding, as displayed during George’s recounting of the incident in Weed. His indiscrimination of Lennie as well as Crooks shows he is a fair man who does what is right, not what is best for him. Slim is one of few men who would risk his own well-being in order to save another, as he did when Lennie was under attack by Curly. In all aspects, Slim represents the connection between the proletariat and the aristocracy of America. He is somewhat of a middleman, for he could fit into either category and does not discriminate based upon status. Curly Curly, the boss’s son, is undoubtedly harboring many feeling of insignificance. His small stature and status among the guys in the ranch obviously make him feel inferior, as they would anyone. The constant worry of his wife’s fidelity as well as his insecurities about himself and his appearance haunt him throughout each day, causing him to lash out and therefore be labeled as a â€Å"punk† by the other guys in the bunkhouse. He has an advantage based upon his size though, for it makes him more able to pick  fights with bigger men than he, like Lennie. He harbors a jealousy towards Slim that is unrelenting, for he desires the kind of respect that Slim possesses. It is through these actions that Curly represents acceptance and the quest to achieve something in life. Everyone, be it George and Lennie’s dream for land of their own, or Curly’s desire to be held in respect, has a need for something that they view as something that would make their lives that much better. Crooks Crooks, the stable buck, is the outsider of the group. He lives in a separate room than the rest of the men and pretty much stays out of sight and out of mind. In addition to this social seclusion, his physical attributes add to the fact that he is not like the other ranchers. Crooks has resentment for the other men whom he associates with over a game of horseshoes, and is very cynical about the world around him. He frightens Lennie with his assumptions of abandonment, and nearly deflates George, Lennie, and Candy’s aspiration of owning the land they dream about. Because of his negativity, he represents the doubt that lies within anyone with a dream. Every thought that crosses Crook’s mind is something negative; he is calloused to the feeling of hope, having abandoned it a long time ago. There is definitely a sliver of this attribute hidden inside George at times when he doubt the validity of this fairy tale in which he lives; always dreaming of something more. Yet it i s this kind of attitude that holds people back and prevents them from pursuing their most important of dreams.

For the love of our parents Essay - 1199 Words

Elderly abuse is defined as â€Å"any deliberate action or lack of action that causes harm to an older adult.† (Brownridge 55) It may take the form of: physical, financial, neglect, or psychological abuse. (Maclean 7-23) Statistics show that abuse towards the elderly is a substantial problem: A 1989 survey of 2000 elderly persons from private house holds found that 4% of the people reported being abused. (Health Canada) This is the equivalent of 98,000 elderly people in Canada. Financial abuse was the highest with 60,000 elders being affected, and psychosocial abuse is second affecting 30,000 elders. These shocking statistics are, believe it or not, understated due to lack of research. Elderly Canadians will always be a component of our†¦show more content†¦The different laws vary from province to province. (Sebold 119) The definition of elderly abuse is not specifically stated at the federal level and there are no mandatory standard or regulations to deal with elderl y abuse. If there is no federal standard, then there is no way to ensure that the few laws that exist are effective, and if those laws are not specific to the elderly then that leads us back to the drawing board to find a better way to make the laws effective. As well as the laws not being specific enough, the enforcement of the laws needs to be improved. The enforcement of the laws that exist is weak, pathetic even, and is severely ineffective. It is difficult for police to find sufficient evidence to charge an abuser when using the Criminal Code as a defense against elderly abuse. The evidence needs to prove the abuser is guilty beyond a reasonable doubt, and because the criminal code s not specific to the different types of elderly abuse, adequate and seemingly relevant evidence is hard to find. Most of the laws require the victim seek help, but in most cases victims may be unable to contact the police due to physical or mental disability, and fear of repercussion. Also, if the court denies the Protection order the police cannot do anything to help the victim. All of these factors limit the way the police can enforce the laws and help the elderly against abuse. There are several steps that need to beShow MoreRelatedThe Impact of a Traumatic Event Essay708 Words   |  3 Pagesof how a child acts towards their parents, all that mat ters in the end is their unconditional love for them. However, the time it takes for them to express their gratitude will depend on each child. In the novel The Namesake, Jhumpa Lahiri demonstrates this, describing the life of a young boy named Gogol and his continually progressing relationship with his mother. It demonstrates that a child is unable to view his or her parents as a human being until the parent figure experiences a traumatic eventRead MoreWhat is Love? Essay1558 Words   |  7 PagesWhat is Love? Romantic Love Is love chemical? Love cant be just pheromones, surely body chemistry changes. 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