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Federal Reserve Board

Federal Reserve Board - Open Market Operations o Contract...

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Econ 4.3 Friday, March 26, 1999 Announcements: Homeworks 6 and 7 are due on Monday.Answers for the past homeworks are on the web. Online Quzzes for Chapters 10, 11 and 12 will be taken offline on Wednesday, March 31, at 8 am. Lecture notes: The US National Debt is over 5 trillion dollars outstanding Federal Reserve Board Beige Book -- summary of the overal state of the US economy for each of the 12 US Federal Reserve Districts Philadelphia is District 3 Fed's Major Monetary Policy Tools
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Unformatted text preview: Open Market Operations o Contract money supply Sells bonds in Market o Expand Money Supply Buy Bonds in Market • Discount Rate Changes • Reserve Requirement Changes • Earn Money: increase money supply, reduce interest rate, increase investment, increase GDP Keynesian Monetary Policy Linkage to GDP • Expansionary Policy • Increase Money Supply • Excess Supply of Money • Fall in Interest Rates • Increase Investment (EX-IM) • Increase GDP | K J = Y...
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