Monetary Policy

Monetary Policy

Order Description
You will conduct research in” rel=”nofollow”>into how monetary policy was used durin” rel=”nofollow”>ing the followin” rel=”nofollow”>ing three times periods in” rel=”nofollow”>in the history of the United States:
The Great Depression years of 1929-1933
The 1970’s Stagflation from 1973-1982
The recent recession that occured in” rel=”nofollow”>in the years 2008-2010
In your first page after a brief in” rel=”nofollow”>introduction, you should dein” rel=”nofollow”>ine several key concepts that will be the subject of your research in” rel=”nofollow”>in this page:
-Fractional Reserve Bankin” rel=”nofollow”>ing System
-The Money Multiplier
-Transmission Mechanism
-Money Supply; M1;M2
The body of your paper should focus on each of the three events one at a time and identify the monetary policy that was implemented durin” rel=”nofollow”>ing each of the events. Keep
in” rel=”nofollow”>inmin” rel=”nofollow”>ind that when coverin” rel=”nofollow”>ing a period of years you may not observe use of the three monetary policy tools each year, however lookin” rel=”nofollow”>ing across the period of years you will
see clear changes in” rel=”nofollow”>in the money supply that will demonstrate expansionary or contractionary direction taken by the Federal Reserve durin” rel=”nofollow”>ing each event.
You should use your research to go beyond a simple statement of “the money supply in” rel=”nofollow”>increased” or there was less money in” rel=”nofollow”>in the economy” and discuss how the money supply
changed.
What policy tools tools were used? How did the money supply change? Did the economy expand or contract as a result?
-Then at the end provide a brief summary of how monetary policy was used durin” rel=”nofollow”>ing each event and discuss the impact our macroeconomic variables (GDP; Unemployment;
Chnages in” rel=”nofollow”>in ther price level, either in” rel=”nofollow”>inflation or deflation) from the begin” rel=”nofollow”>innin” rel=”nofollow”>ing to the end of each time period.

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