Analyze the role of one or more of the minor characters Essay

Analyze the role of one or more of the minor characters - Essay Example Thus, when she spends a lot of money on the Christmas gifts, it becomes a call for worry to the husband Torvald. At that time, the husband chides and mocks the wife on her extravagance as other characters in the story are introduced and they are brought to place. To begin with, there is Helene, who is a maid and works in the house of the Helmers. As much as the ordinary eyes or a literary commentator may appreciate the magnitude of the roles of the main characters, she adds to the overall plot of the story. It is my guided opinion and respectful line of thought that the fact that Helene id present in the story, it builds to the direction that the Helmers lived a considerably wealthy life of opulence and comfort. Thus, when she announces that a friend of Mr. Torvald Helmer has arrived, it elevates the status and societal position of the Helmers (Canby 13). The relevance and contribution of this announcement seeks to distinguish and separate the status and novelty of the Helmers to a relatively higher hierarchy of the society. It is important to note and mention that a person who can afford a housemaid can be considered to be well off or a person of class and social status. Secondly, when she mentions that a dear friend of Torvald Helmer called Dr Rank had gone to visit the Helmers. A doctor is also a valuable and respectable member of the society and the fact that one could be friends with one shows that one is of repute and consideration. Thus. Helene as a character is used to show the difference in class and stature that exists between the Helmers and the rest of the society who are poor or ordinary people. In retrospect, the fact that the Helmers are friends with the doctor, Dr Rank shows that he and his wife were people of relative means and ability in the society. Another minor character who adds and contributes to the general flow of the story in terms of these and plot is Kristine Linde, who happened to be

Macro Economic Policies Adopted by the Bank of England Essay

Macro Economic Policies Adopted by the Bank of England - Essay Example Government regulates many things in an economy including inflation, exports and imports, prices of many vital commodities, and many important economic aspects. Government of England has entrusted the job of determining the monetary policy, in the hands of Bank of England. Bank of England looks into many other big issues. One of the most important issues is that of ensuring monetary stability in the economy, which can be achieved through a combination of stable prices of goods and services across the economy coupled with a low inflation level and level of confidence of the investors in the currency of the country. The Bank comes out with the monetary policy in order to ensure a certain key objectives like, delivering price stability with a low inflation level coupled with an objective to support the Government's economic objectives of growth and employment. Price stability is taken care of, by the Government's usual inflation target of 2%. There is a need to contemplate the crucial and critical role played by price stability in achieving the aforesaid economic stability, and in providing just the right conditions for a sustainable and longe r living growth in output and employment. Chancellor of the Exchequer announces the Government's inflation target every year in the annual Budget statement. Though The 1998 Bank of England Act enables it to set interest rates independently, however, The Bank does hold accountability to the parliament and the wider public, which cannot be refrained from. The legislation provides the government the power to instruct the bank on the interest rates issues for a limited period of time during emergency, for the sake of national interests. (How Monetary Policy Works) The Bank of England has a monetary policy and it uses the same to regulate mechanism of the economy. Like when it decides to change the interest rate, the government is trying to check the overall expenditure of the economy. A change in interest rates is mostly used to contain inflation, which is the result of lavish expenditure by the country. The bank sets a fixed interest rate at which it lends money to financial institutions and depending on this interest rate, individual banks and other financial institutions set up their own interest rates, which apply to the whole economy. This step is of indispensable importance to the economy, as this is very widely used to contain inflation. The only purpose behind such a step is just to contain undue inflationary levels prevailing in an economy. The point to be noted here is that, this interest rate set by the Bank of England is so effective and powerful that it chips in greatly to regulate the whole economy. It affects the stock and bond prices and also influences the asset prices throughout the country. This interest rate also regulated the savings in an economy, which eventually results in capital formation and reinvestment. It is note that when interest rates are high, people prefer to invest money in government deposits that are less risky in nature than the stock markets and similarly high interest rates boost up the savings. Lower interest rates make asset and real estate prices go up, as