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... It works by affecting demand across the economy—that is, peoples and firms willingness to spend on goods and services.
In the United States, monetary policy is made by the Federal Open Market Committee, which consists of the Board of Governors of the Federal Reserve System and the Reserve Bank presidents.
In China, the monetary policy is established by the People’s Bank of China (PBC). ... By maintaining a secure financial environment, companies will be encouraged to expand to China, thus increasing imports, creating jobs, and increasing national wealth.
This paper aims to explore the effect of the US and China’s central bank in controlling domestic inflation and how the US and PBC’s central bank can increase or decrease the money supply as well as the relationship between the central bank and the government.
Approximate Word count = 670
Approximate Pages = 2.7
(250 words per page double spaced)
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