Conduct of Monetary Policy

Two views seem to have clearly emerged about the conduct of monetary policy in the country. There are several analysts who think that there is now enough evidence to suggest that the monetary policy stance of the State Bank needs to be eased.

With import growth contained and a steady downward trend achieved in (non-food, non-energy) core inflation, the SBP is in a position to reverse its tight policy and ease interest rates as early as the first quarter of 2007.

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Monetary Aggregates Play Little Role In The Conduct Of Monetary Policy

In conventional macroeconomic thinking, the money supply is considered the main determinant of long-run inflation. A variety of monetary aggregates have been proposed to measure the money supply. Yet, nowadays, monetary aggregates play little role in monetary policy deliberations at most central banks.

A new study in the Journal of Money, Credit and Banking examines the leading arguments for assigning an important role to tracking the growth of monetary aggregates when making decisions about monetary policy. The analysis finds that none of the arguments provides a compelling reason to assign a prominent role to monetary aggregates.

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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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