Menu_27_Apr_11

Menu_27_Apr_11 - c. Purchase: expansionary d. Sale:...

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TODAY’S MENU: Wednesday 27 April 2011 I. BUSINESS A. Practice Problems 1. Chapter 31: 5-8, 10, 11, 19 2. Chapter 36: 5, 8, 15 B. Final exam: Two weeks from tomorrow (12 May, 10:00 AM-12:00 PM) in ??? II. SUBSTANCE A. The Federal Reserve (Fed): Structure 1. Federal Open Market Committee (FOMC) a. 12 voting members (7 and 5) b. 2011: NY, CHI, DAL, MIN, PHIL c. 2012: NY, CLE, ATL, RICH, SF d. 2013: NY, CHI, BOS, KC, STL B. Tools of monetary policy 1. Again: M S = MB x money multiplier 2. Open market operations (FOMC) a. Federal funds market b. Government bonds i. Key relationship
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Unformatted text preview: c. Purchase: expansionary d. Sale: contractionary 3. Discounting (FRBs, BoG) a. Financial panics 4. Reserve requirements (BoG) C. Exchange Rates: The basics 1. Introductory comments and motivation 2. Definition 3. Assumptions a. Two countries (U.S. and euro zone) b. Two currencies (dollar and euro) c. Two exchange rates ( per $; $ per ) 4. More definitions a. Appreciation b. Depreciation III. NEXT TIME A. Finish Chapter 36: International Financial Policy B. Begin Chapter 34: Deficits and Debt...
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This note was uploaded on 05/12/2011 for the course ECON 2030 taught by Professor Bong during the Spring '07 term at LSU.

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