The Federal Reserve. Vincent Reitano October 25 th 2010. Outline & Methodology . Introduction to Federal Reserve. Real World Impact of Fed. General definitions: Central Bank & MP History and organization of Fed Federal Funds Rate Policy Implementation New policies (QE, TALF).
October 25th 2010
Introduction to Federal Reserve
Real World Impact of Fed
19th-20th Century: Economic issues
Creation of Federal Reserve
-Instability in financial markets
-Lack of bank reserves
-Lack of Regulation
1. Banking system regulation
2. Money Supply
Interbank loan rate
Y=AF(K,N); derivative of AD=MPK; shifts
Classical vs. Keynesian economics
Economic Theory/Conjecture vs. Fact
Democrat vs. Republican
Media: The sky is falling everyday
Abel, Andrew B., Ben Bernanke, and Dean Darrell Croushore. Macroeconomics. Boston: Addison-Wesley, 2011. Print.
"Banking Panics in the US: 1873-1933 | Economic History Services." EH.Net | Economic History Services. Economic History Association. Web. 22 Oct. 2010. <http://eh.net/encyclopedia/article/wicker.banking.panics.us>.
"The Federal Reserve System: Purposes & Functions." Board of Governors of the Federal Reserve System. Web. 15 Oct. 2010.
"Federal Reserve System." Wikipedia, the Free Encyclopedia. Web. 15 Oct. 2010. <http://en.wikipedia.org/wiki/Federal_Reserve#Tools>.
"The Founding of the Fed." Federal Reserve Bank of New York. Web. 20 Oct. 2010. <http://www.ny.frb.org/aboutthefed/history_article.html>.
"FRB: Term Asset-Backed Securities Loan Facility." Board of Governors of the Federal Reserve System. Web. 20 Oct. 2010. <http://www.federalreserve.gov/monetarypolicy/talf.htm>.
"FRB: Term Deposit Facility." Board of Governors of the Federal Reserve System. Web. 20 Oct. 2010. <http://www.federalreserve.gov/monetarypolicy/tdf.htm>.
Greenspan, Alan. "The Delphic Future." The Age of Turbulence: Adventures in a New World. New ed. New York: Penguin, 2007. Print.
Mankiw, N. Gregory. Principles of Macroeconomics. 4th ed. Mason, OH: Thomson South-Western, 2007. Print.
"Panic of 1907." Wikipedia, the Free Encyclopedia. Web. 15 Oct. 2010. <http://en.wikipedia.org/wiki/1907_Panic>.
Statute, By. "FRB: Reserve Requirements." Board of Governors of the Federal Reserve System. Web. 15 Oct. 2010. <http://www.federalreserve.gov/monetarypolicy/reservereq.htm>.
Thomas, Mark. "Central Bank Independence and Inflation." Economist's View. 20 Nov. 2005. Web. 21 Oct. 2010. <http://economistsview.typepad.com/economistsview/2005/11/central_bank_in.html>.