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Summary eco.docx ECO/535 Economic Events ECO/535 Economic Events The interest rates before 2007 from 2005 were relatively higher as contractionary monetary policy was practiced by US FED due to high inflation and hot money flowing in from Asian financial mark
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ECO/535 Economic Events ECO/535 Economic Events The interest rates before 2007 from 2005 were relatively higher as contractionary monetary policy was practiced by US FED due to high inflation and hot money flowing in from Asian financial markets. Economic Events Influence on Economic Activity Th...
ecodocx eco535 economic events eco535 economic events the interest rates before 2007 from 2005 were relatively higher as contractionary monetary policy was practiced by us fed due to high infla
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ECO/535
Economic Events
ECO/535
Economic Events
The interest rates before 2007 from 2005 were relatively higher as contractionary
monetary policy was practiced by US FED due to high inflation and hot money flowing in from
Asian financial markets. Economic Events Influence on Economic Activity Throughout its
history, the United States has had its fair share of economic instability. Just this century, we
have had events such as the 1973 oil embargo – followed by a major hurricane, the housing
collapse of 2006 - which lead to the most recent recession, and in 1994- 2000 we had the “dot-
com bubble and its crash. Due to the internet playing such a monumental role today, I will be
going over the dot-com event and assessing how this major economic event influenced supply,
demand, and economic equilibrium in the US economic activity.
The period of 2010 to 2015 saw interest rates constant, coupled with an expansionary
fiscal policy like unemployment insurance, a program like TARP and TNAF, and tax cuts and
tax credits to businesses. To begin, Investopia describes the event as “The dotcom bubble, also
known as the internet bubble, was a rapid rise in U.S. technology stock equity valuations fueled
by investments in internet-based companies during the bull market in the late 1990s. During the
dotcom bubble, the value of equity markets grew exponentially, with the technology-dominated
Nasdaq index rising from under 1,000 to more than 5,000 between the years 1995 and 2000
(Hayes, 2019).” So, what does this mean exactly? Basically, this meant that day traders like
plumbers and mechanics were becoming millionaires trading stock within just a couple days.
The macroeconomic intention here was to revive the economy to greater heights and
minimize deflation such that the US dollar also stabilizes and inflation targets remain well within
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