Education: A Better Tomorrow

Online Education Master’s Degrees

A master’s degree gives students training and education in a specialized field of expertise with greater depth than studying for a bachelors degree. Students pursuing a master’s degree traditionally need to hold a bachelors degree and commit to one to six years of study in a particular field. Online education masters degree programs make it easier for working business professionals to complete their education and attain advanced positions in their field.

Masters degrees definitely afford individuals an opportunity to increase their earning potential. The U.S. Bureau of Labor Statistics reports that the average weekly earnings for a masters degree holder are $1,102, which is $200 more than people holding a bachelors degree. These statistics further reveal that only 5.9 percent of adults in America hold a masters degree.

Choosing a Degree Program

When you are making an important decision of selecting the right degree program, it is primarily important to consider the goal of that degree. In the past, students opted for subjects and fields that interested them. There were and still are, certain careers that demand only a specific level of competency and knowledge by virtue of a degree, thus, allowing students to investigate degree programs that they find academically interesting and challenging and not necessarily with a specific career in mind. But, with the increasingly saturated job markets and the current economic crisis, a high premium is placed on expertise through the right degree program and training. The job market is getting more and more competitive and specialized fields typically require an equally specialized degree in order to be successful.

Once you have decided on a career, the next question to tackle is then which degree to opt for. There a number of key factors to consider while doing so. Firstly, you will have to decide whether it is necessary and more practical to pursue a Certificate, Associate, or Bachelor education, or if a Master and Doctorate degree is what will make the difference to your future job prospects. Keep in mind your time commitments, monetary constraints as well as your practical academic goals when making your final choice and ask yourself the following questions:

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International monetary policy: a global Taylor rule

Abstract

John Taylor’s rule for setting interest rates provides a framework for studying the global monetary policy generated by individual countries pursing their own policy goals. The study reflects the global nature of monetary policy by modeling an aggregate short-term interest rate as a function of measures of worldwide inflation and the GDP gap. Multiple specifications are estimated to correspond to past studies of the U.S. relationships between these variables. The authors find that Taylor rule is a useful tool for characterizing the global monetary environment as his equation provides a good fit to the data in every specification explored by the authors. However, the international response to inflation is slightly less robust despite claims of inflation targeting by the bulk of the larger economies in the sample. (JEL F33)

Introduction

Education: A Better Tomorrow

Online Education Master’s Degrees

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International monetary policy: a global Taylor rule

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