StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

FRB Beige Book 2013 - Admission/Application Essay Example

Cite this document
Summary
Name Professor Course Date FRB Beige Book 2013 Introduction The federal US government embarked on economic evaluation of the twelve Federal Reserve Districts in order to find out each districts’ contribution to the national fiscal growth. Most of the districts indicated a moderate improvement in many sectors of their economies, for instance, manufacturing, professional services, retail shopping, tourism, real estate and agriculture (“BGFRU”)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
FRB Beige Book 2013
Read Text Preview

Extract of sample "FRB Beige Book 2013"

Download file to see previous pages

According the report, Philadelphia’s economy has been modestly expanding in a moderate rate from early October through November. Philadelphia is traditionally an economic hub of Pennsylvania with many of its manufacturing activities and Agricultural activities being major inputs to the economy. According to research, Philadelphia GDP between 2009 and 2012 grew tremendously by 9.4% ranking one of the best among United States’ districts (“BGFRU”). The GDP is approximately 364 billion which is the best increase ever recorded in United States (“BGFRU”).

Philadelphia district expressed notable gains in manufacturing industry especially in the motor vehicle and high technology industries, which involves ICT. However, comparing to 2013’s Biege book report and that of other previous years, it is evident that there is a slight change in all the sectors. Several sectors of the economy showed moderate expansion consequently making the district’s GDP to be one of the best (“BGFRU”). The sectors included residential section, general retail sales, tourism, staffing services as well as commercial real estate leasing.

However, manufacturing activity has not shown a major increase in productivity like other sectors of the economy in Philadelphia majorly after the government shutdown in United States. This is despite the continued increase in orders as well as shipments of products at a slight higher pace than other years. However, the latter only applies in a small proportion of firms with many of the firms in the industry indicating a decrease in which appeared higher than ever-recorded (“BGFRU”). These decreases appeared among manufactures of lumber, wood products, chemicals, primary metals and industry machinery (“BGFRU”).

As the latter firms recorded decreases in their operations, firms like food products, paper mills, metal fabrication and instruments reported major gains since the last Beige book. Besides, poor productivity of manufacturing industry in Philadelphia is because of firms whose operations are majorly on seasonal trend. Firms that operate on seasonal sectors have a major reduction in activity in 2013 due to government shutdown. Besides, there is a significant increase in the total workforce among numerous corporations compared to firms that reported increase a year ago.

As many other firms continued to record significant gains in their activities, others recorded major losses due to low on going activities (“BGFRU”). The quality of credit and loan volumes in banking centre has increased in the district, which is due to micro fiance skills and varied services, which these financial institutions deliver to people (“BGFRU”). Commercial real estate volumes in the banking sector showed a dramatic increase. The tremendous increase of people seeking loan in the district is because of vast demand in the housing projects.

This is because consumers are increasing their use of home equity lines rather than refinancing to conduct home improvements (“BGFRU”). In addition, according to report there is also slight change in wages, retail home prices and general commodity prices in relation to the other reports by Biege book. While conducting a research of the economy, statistics indicate that the broad general

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“FRB Beige Book 2013 Admission/Application Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1497441-frb-beige-book
(FRB Beige Book 2013 Admission/Application Essay)
https://studentshare.org/macro-microeconomics/1497441-frb-beige-book.
“FRB Beige Book 2013 Admission/Application Essay”, n.d. https://studentshare.org/macro-microeconomics/1497441-frb-beige-book.
  • Cited: 0 times

CHECK THESE SAMPLES OF FRB Beige Book 2013

Impact of the Micro Environmental Factors on McDonalds

Political Corporate Tax Rate Presently, the corporate tax rate in UK for Multinational Corporation is 30 percent (KPMG, 2013).... Marketing Environment Table of Contents Table of Contents 2 Introduction: McDonalds 3 Marketing Environment 4 Impact of the Micro environmental Factors on McDonalds 8 Impact of Micro Environmental Factors on Marketing Mix Element 11 Recommendations 13 15 Reference List 16 Introduction: McDonalds McDonalds is regarded as one of the world's largest food restaurants serving in more than 120 countries with a customer base of 20 million (McDonald, 2013j)....
12 Pages (3000 words) Book Report/Review

Europe Between Hitler and Stalin

Bloodlands: Europe Between Hitler and Stalin, a book by Timothy Snyder, describes the mass killing of about 14 million people between 1933 and 1945 by Joseph Stalin's and Adolf Hitler's regimes (Snyder 2).... The killings took place in the present-day region that comprises the… In the book, the writer identifies three distinct phases that hold the plot together.... They are the deliberate shootings and starvation of masses between 1933 and 1938 in the Soviet Union; the shooting of masses between 1939 and book Review Bloodlands: Europe Between Hitler and Stalin, a book by Timothy Snyder, describes the mass killing of about 14 million people between 1933 and 1945 by Joseph Stalin's and Adolf Hitler's regimes (Snyder 2)....
2 Pages (500 words) Book Report/Review

The Republic of Nature by Mark Fiege

This report “The Republic of Nature by Mark Fiege” focuses on the message contained in chapters two, three, four and five of the book and how they have been brought forward.... The report will also comment on the shortcomings of the book.... hellip; Nature as the cause of human suffering is a resounding message in chapter four of Fiege's book.... The Republic of Nature by Mark Fiege Mark Fiege's book, The Republic of Nature, has succeeded in tying the origin of many of the world's greatest events and personalities to nature....
2 Pages (500 words) Book Report/Review

Book reviw of henry giroux's The mouse that roared (2010)

His book “The Mouse That Roared” is written in the… The book includes Giroux's research concerning the problem of modern media culture for small children and its influence on society in general and young generation in Henry Giroux “The Mouse That Roared” It is essential to admit that Henry Giroux is considered to be a serious important and person in the field of culture and education.... His book “The Mouse That Roared” is written in the dimension of themes under consideration, and shows his critical and original view on the discussed problems....
2 Pages (500 words) Book Report/Review

Reading reflection on State of Siege

The novel is basically about the siege of Sarajevo in the late 1990s, set amongst the… The book also sometimes takes quick asides into Paris. It is a very strange book, and people seem to vanish for no reason, or learn they are people inside a book instead of real people, and so on.... In that sense, the book was very Juan Goytislos of Seige is a very lengthy and complicated novel.... The book also sometimes takes quick asides into Paris....
2 Pages (500 words) Book Report/Review

Dating and the Single Parent in 2012

The paper “Dating and the Single Parent in 2012” looks at the book by Ron L.... Conveniently, the book derives the steps that single parents and their partners should adopt in order to prepare themselves and their children on the imminent effects of dating or remarrying.... Ultimately, the book discusses the considerations before an engagement to a single parent and the preparations for stepfamily life.... he first section of the book entails relevant information that helps single parents to ascertain whether they are ready to date....
7 Pages (1750 words) Book Report/Review

The Book Steve Jobs by Walter Isaacson

Isaacson is a renowned author who has done a number of scholarly works and most notably he is the author of best-selling biographies for… The book is centred on a number of interviews that Jobs conducted that the author analysed and compiled to give this fascinating chronology of events.... This ranged from Steve Jobs' personal life to his professional The paper "The book Steve Jobs by Walter Isaacson" is a good example of a boor review on business.... The book is centered on a number of interviews that Jobs conducted that the author analyzed and compiled to give this fascinating chronology of events....
3 Pages (750 words) Book Report/Review

The Politics of Public Budgeting by Irene Rubin

This paper is a review of the book "The Politics of Public Budgeting: Getting and Spending, Borrowing, and Balancing" (2013) by Irene S.... The subtitle of the book suggests the reader regarding the breadth of the topic that is covered in this book… Rubin has addressed certain questions like whether budgetary decisions need to be adjusted according to revenue sources and whether borrowing needs to be encouraged to adjust the deficits.... In the first chapter of the book, the author has argued that for the purpose of making the analysis of public budgeting, it needs to be divided into five “separate but linked decision clusters: revenues, process, expenditures, balance, and implementation” (Rubin, 29)....
4 Pages (1000 words) Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us