### 经济代写|宏观经济学代写Macroeconomics代考|ECON5002

statistics-lab™ 为您的留学生涯保驾护航 在代写宏观经济学Macroeconomics方面已经树立了自己的口碑, 保证靠谱, 高质且原创的统计Statistics代写服务。我们的专家在代写宏观经济学Macroeconomics代写方面经验极为丰富，各种代写宏观经济学Macroeconomics相关的作业也就用不着说。

• Statistical Inference 统计推断
• Statistical Computing 统计计算
• Advanced Probability Theory 高等概率论
• Advanced Mathematical Statistics 高等数理统计学
• (Generalized) Linear Models 广义线性模型
• Statistical Machine Learning 统计机器学习
• Longitudinal Data Analysis 纵向数据分析
• Foundations of Data Science 数据科学基础

## 经济代写|宏观经济学代写Macroeconomics代考|Accounting in the banking industry

Before we delve into how money is created and supplied into the economy, we need to examine the way the banking industry accounts for transactions and how that accounting system is reflected on financial statements. Though the accounting principles remain the same for general businesses and banks, their respective roles in the economy are quite different. When we think of a business, we think of a company making and selling shoes, a restaurant selling hamburgers, a developer producing and selling computer software, a doctor providing healthcare to us, a homebuilder building our home, a barber giving a haircut, etc. A bank, on the other hand, enables all of us, in our respective businesses, to literally do business. Think of banks as the grease that lubricates the cogs and wheels of the economy’s financial mechanism. Besides processing our transactions and maintaining our deposits, it lends money to borrowers.

The point to remember is that, while the financial statements for a typical manufacturing or service business might look somewhat different than those of a bank, they both are based on the same basic accounting principles. Remember: Assets = Liabilities + Capital…….always!

The goal of this discussion of accounting and financial statements is not to build a full working knowledge of accounting but to lay the ground work, the platform, to allow us to move into a discussion of how money is created and supplied into economy. Accounting truly is the language of business. More than just debits and credits, it is the common foundation that allows for the communication of useful, relevant and reliable financial information. As such, when we look at the way the banking system works within the economy, we will rely on none other than basic accounting principles to understand where money comes from.

## 经济代写|宏观经济学代写Macroeconomics代考|The role of the Federal Reserve

The Federal Reserve, commonly referred to as ‘the Fed,’ is the central bank of the United States, the bank to the commercial banking system, and the banker of last resort. You can even think of the Fed as being the bank to the banks. Created by the Federal Reserve Act in 1913, the system is made up of 12 regional banks and 25 branches. Leadership is provided by a seven-member panel known as the Board of Governors. The members of the Board of Governors are nominated by the President and confirmed by the Senate. Interestingly, governors of the Fed have 14-year terms. This is not a typo-we said 14 and not 4 ! This may seem extreme on the face of it, but it’s actually for a good reason. Namely, we want our central bankers to conduct good, sound monetary policy that forms a pillar of our economy, in order to bolster confidence. By giving them long terms, they can avoid the political pressures may exist in governments and can instead focus on doing monetary policy well.

Based in Washington, DC, the Board is charged with guiding and administering the activities and policies of the Regional Reserve Banks as well as providing broad oversight of the nation’s financial services industry. Board members – particularly the Chair-are frequently called upon to communicate with Congress and provide updates to governmental leaders in regard to current financial conditions and the overall health of the economy. While these duties are certainly important, perhaps the most critical role that Board members fulfill is the interaction with and oversight of the Federal Open Market Committee (FOMC). All seven Fed Board governors sit on the FOMC. Of the remaining five seats of the FOMC voting committee, one belongs permanently to the President of the New York Fed, and the other four rotate among the remaining eleven district bank Presidents. Why does the New York Fed have special priority on the FOMC? It is because the Fed’s open market operations are conducted by economists at the New York Fed. It is through the FOMC of the Federal Reserve System that the Board is able to implement and carry out its monetary policy, seeking to bring about stable levels of employment and moderate inflation.

Although many believe that the Fed is a governmental operation, in actuality, the Fed is an independent institution. While its shares are owned by its member banks, it is somewhat akin to a co-op in that ownership of shares is required for membership. Sale or transfer of the shares is restricted so they cannot be publicly traded, and dividends are paid at a set rate. The Fed’s annual earnings are turned over to the Treasury Department, so shareholders do not benefit from any net revenues. Because the Fed is not operated for a profit, the shares do not hold an element of investment and there is no sense of control by or obligation to shareholders, attributing a sense of operational independence. Additionally, the Fed is able to make decisions and carry out its monetary policies without governmental approval, thereby making it independent. However, it is subject to Congressional oversight and reporting and there is always a possibility that Congress could enact statutes that would affect the powers of the Fed. Because the interests of the government and the Fed are so closely linked, the two often act in partnership, making the Fed somewhat of an agent of the government. So, while it functions with autonomy, it still operates under the shadow of the government and each administration does exercise a degree of influence over Fed activities. This arguably is seen most visibly when a President renews a Fed Chair’s term, or alternatively nominates a new one.

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## MATLAB代写

MATLAB 是一种用于技术计算的高性能语言。它将计算、可视化和编程集成在一个易于使用的环境中，其中问题和解决方案以熟悉的数学符号表示。典型用途包括：数学和计算算法开发建模、仿真和原型制作数据分析、探索和可视化科学和工程图形应用程序开发，包括图形用户界面构建MATLAB 是一个交互式系统，其基本数据元素是一个不需要维度的数组。这使您可以解决许多技术计算问题，尤其是那些具有矩阵和向量公式的问题，而只需用 C 或 Fortran 等标量非交互式语言编写程序所需的时间的一小部分。MATLAB 名称代表矩阵实验室。MATLAB 最初的编写目的是提供对由 LINPACK 和 EISPACK 项目开发的矩阵软件的轻松访问，这两个项目共同代表了矩阵计算软件的最新技术。MATLAB 经过多年的发展，得到了许多用户的投入。在大学环境中，它是数学、工程和科学入门和高级课程的标准教学工具。在工业领域，MATLAB 是高效研究、开发和分析的首选工具。MATLAB 具有一系列称为工具箱的特定于应用程序的解决方案。对于大多数 MATLAB 用户来说非常重要，工具箱允许您学习应用专业技术。工具箱是 MATLAB 函数（M 文件）的综合集合，可扩展 MATLAB 环境以解决特定类别的问题。可用工具箱的领域包括信号处理、控制系统、神经网络、模糊逻辑、小波、仿真等。