Lecture Money, banking, and financial markets: Chapter 18 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 18 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 18 - Monetary policy: Stabilizing the domestic economy. In this chapter, students will be able to understand: The Federal Reserve has four conventional monetary policy tools, the European Central Bank's primary objective is price stability, monetary policymakers use several tools to meet their objectives, the Taylor rule is a simple equation that describes movements in the federal funds rate,...