Menu_27_Apr_11

Menu_27_Apr_11 - TODAYS MENU Wednesday 27 April 2011 I...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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 -in third policy meeting—1:15 will put press release, whats going on in economy, outlook of where the policy is heading -federal reserve.gov B. Tools of monetary policy 1. Again: M S = MB x money multiplier 2. Open market operations (FOMC) -use open market operations to control funds -how fed controls monetary base -US bond market a. Federal funds market -nothing to do with federal government or federal reserve -overnight loans with commercial banks—reserves -doesn’t change monetary base -probably safest loan -influences all interest rates of all economy b. Government bonds
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

Menu_27_Apr_11 - TODAYS MENU Wednesday 27 April 2011 I...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online