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Appendix to Chapter 16 Fed Policy Procedures: Historical Perspective
Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 16A-2 Historical Perspective I Discount policy and the real bills doctrine Discovery of open market operations The Great Depression Reserve requirements as a policy tool Thomas Amendment to the Agricultural Adjustment Act of 1933 War finance and pegging the interest rate
Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 16A-3 Historical Perspective II Targeting money market conditions Procyclical monetary policy Targeting monetary aggregates New Fed operating procedures De-emphasis of federal funds rate De-emphasis of monetary aggregates Borrowed reserves target Federal funds targeting again Greater transparency
Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 16A-4 International Considerations International policy coordination Plaza Agreement Louvre Accord Strength of dollar in international trade Worldwide financial crises
Chapter 11 Market-Clearing Models of the Business Cycle.
Comparing Fiscal Policy and Monetary Policy. Who Operates It? Fiscal Policy –President –Congress –Elected officials –Legislation Monetary Policy –Federal.
Monetary Policy Federal Reserve and Macroeconomic Policy.
Chapter Fourteen. Open Market Operations The Fed buys and sells securities, usually government securities When the Fed buys securities the money supply.
Chapter 10 Exchange Rates and Exchange Rate Systems.
Copyright © 2011 Pearson Addison-Wesley. All rights reserved. Chapter 11 An Introduction to Open Economy Macroeconomics.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 11 Market-Clearing Models of the Business Cycle.
Copyright © 2002 Pearson Education, Inc. Slide 1.
To Accompany Comprehensive, Alternate, and Texas Editions American Government: Roots and Reform, 10th edition Karen OConnor and Larry J. Sabato Pearson.
Financial Crises, Panics, and Macroeconomic Policy Economics is a science of thinking in terms of models joined to the art of choosing models which are.
Slides prepared by Thomas Bishop Chapter 19 Macroeconomic Policy and Coordination Under Floating Exchange Rates.
Determinants of the Money Supply Chapters 17. Overview Review of Simple Money Multiplier Connect Monetary Base to Money Supply Factors influencing the.
Current Issues in Macro Theory and Policy Chapter 36 Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Multiple Deposit Creation and the Money Supply Process Chapter 16.
The Federal Reserve In Action. What is the Fed? Central bank of the United States Established in 1913 Purpose is to ensure a stable economy for.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 12 Keynesian Business Cycle Theory: Sticky Wages and Prices.
David C. Wheelock September 20, 2007 An Overview of the Great Depression.
Chapter 16 The Federal Reserve and Monetary Policy.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 12 International Financial Crises.
Chapter 8 Business Cycles. Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 8-2 Figure 8.1 A business cycle.
THE ECONOMY. RHETORICAL ECONOMIC CYCLE Conceptualized by: Jermaine Harris THE ECONOMY.
Copyright © 2011 Pearson Addison-Wesley. All rights reserved. Chapter 12 International Financial Crises.
©2009, The McGraw-Hill Companies, All Rights Reserved Chapter One Introduction.
Money and Monetary Policy 1 Mr. Alvarez AP Macroeconomics Laguna Beach High School.
Chapter 2 Colonial Development Copyright © 2007 Pearson Addison-Wesley. All rights reserved.
Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Global Business Today 7e by Charles W.L. Hill.
The Organization of The Fed and other Central Banks.
Slides prepared by Thomas Bishop Copyright © 2009 Pearson Addison-Wesley. All rights reserved. Chapter 14 Money, Interest Rates, and Exchange Rates.
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