Benefits of Applied Monetary Economics

[Suba]

Applied Monetary Economics is a branch of applied economics that specifically deals with money and monetary policy that affects everyday economic life. such as interest rates, inflation rates, exchange rates, poverty, balance of payments, employment, central bank policies to control inflation, Applied monetary economics also studies how businesses and consumers interact, changes in behavior based on changes in interest rates that affect business.

So the benefits of applied monetary economics are to stabilize the exchange rate especially in USD, expand income distribution, control interest rates etc.

 

[King Belieal]

Monetary policies always affects businesses and households financial situation. That's why it has to be strategically taken.

 

[Min George]

Even household income also gets affected by monetary policy. It affects inflation level which has a say on the income of individuals.

 

[wisdom01]

Exactly right. That connection between policy and personal finance is its most vital benefit.