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Chapter 29: Problem 1

What is meant by a policy channel?

Short Answer

Expert verified
A 'Policy Channel' refers to the medium used to communicate policies from policy-makers to the respective recipients.

Step by step solution

01

Defining Policy

Firstly, we need to understand what a 'Policy' is. A policy can be described as a deliberate system of guiding decisions and achieving rational outcomes. They are generally adopted by a governance body within an organization.
02

Defining Channel

Next, let's focus on understanding the term 'Channel.' In the context of communication, a channel refers to the medium used to convey the message from the sender to the receiver.
03

Defining Policy Channel

Now, combining the two terms, a 'Policy Channel' can be defined as. It's the medium through which policies, regulations, directions or guidelines are delivered from policy-makers to the respective recipients.

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Most popular questions from this chapter

(Related to Solved Problem 29.1 on page 1034 ) An article on the Dow Jones Newswire in mid-2017 contained the following sentence: "The U.S. current- account deficit, a measure of trade and financial flows with foreign countries widened to \(\$ 116.78\) billion in the first quarter." Does a country's current account include any financial flows between that country and other countries? Does it include all financial flows between that country and other countries? Briefly explain.

What is the saving and investment equation? If national saving declines, what will happen to domestic investment and net foreign investment?

Suppose that Federal Reserve policy leads to higher interest rates in the United States. a. How will this policy affect real GDP in the short run if the United States is a closed economy? b. How will this policy affect real GDP in the short run if the United States is an open economy? c. How will your answer to part (b) change if interest rates also rise in the countries that are the major trading partners of the United States?

If the exchange rate between the Japanese yen and the U.S. dollar expressed in terms of yen per dollar is \(\$ 115=\$ 1\), what is the exchange rate when expressed in terms of dollars per yen?

What are the three main sets of factors that cause the supply and demand curves in the foreign exchange market to shift?
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