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Monetary policy is governed by the Federal Reserve Act of 1913. [17] The Federal Reserve is the central bank of the United States and serves as the monetary authority. The Federal Reserve is responsible for regulating government loans and bonds and has the power to set reserve requirements and interest rates.
Therefore, the "policy process is a complex political process in which there are many actors: elected politicians, political party leaders, pressure groups, civil servants, publicly employed professionals, judges, non-governmental organizations, international agencies, academic experts, journalists and even sometimes citizens who see themselves ...
The federal government of the United States (U.S. federal government or U.S. government) [a] is the common government of the United States, a federal republic located primarily in North America, comprising 50 states, five major self-governing territories, several island possessions, and the federal district (national capital) of Washington, D.C ...
The federal government is divided into three branches, as per the specific terms articulated in the U.S. Constitution: The executive branch is headed by the president and is independent of the legislature. Legislative power is vested in the two chambers of Congress: the Senate and the House of Representatives.
Most modern rulemaking authorities have a common law tradition or a specific basic law that essentially regulates the regulators, subjecting the rulemaking process to standards of due process, transparency, and public participation. In the United States, the governing law for federal rulemaking is the Administrative Procedure Act of 1946 ...
The national government was forced to cooperate with all levels of government to implement the New Deal policies; local government earned an equal standing with the other layers, as the federal government relied on political machines at a city level to bypass state legislatures. The formerly distinct division of responsibilities between state ...
Federalism is a mode of government that combines a general level of government (a central or federal government) with a regional level of sub-unit governments (e.g., provinces, states, cantons, territories, etc.), while dividing the powers of governing between the two levels of governments.
Policy Analysis is the process of identifying potential policy options that could address your problem and then comparing those options to choose the most effective, efficient, and feasible one. The areas of interest and the purpose of analysis determine what types of analysis are conducted.