Economics Instruction And The Brave New World Of Monetary Policy

Economics education faces a challenge in keeping up with the changes that have swept through monetary policy in recent decades. Many central banking innovations, such as interest on reserves and large-scale asset purchases, aren't adequately treated in standard textbooks. The following is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to the AEA National Conference on Teaching Economics and Research in Economic Education in San Francisco on June 1, 2011.

Provided by: Federal Reserve Bank of San Francisco Topic: CXO Date Added: Jun 2011 Format: PDF

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