Economics/Monetary Policies
WRITTEN ASSIGNMENTS
Due NEXT MONDAY 4/6/2020
Please answer each short answer question. Submit your answers in a Word Doc or PDF to mk87508n@pace.edu by Monday, April 6 at 6:10pm with the subject line ECO365 Homework.
1. Make a list of all of the major emergency programs that the Federal Reserve used in the Great Recession. In a few sentences, explain what they were, what the goal was, and if they accomplished that goal.
2. Make a list of all of the major emergency programs that the Federal Reserve has deployed thus far to support the economy during the COVID-19 crisis. In a few sentences, explain what they are and what the goal is.
a. Note: A good starting point for your research for this would be Whats the Fed doing in response to the COVID-19 crisis? What more could it do? published to Brookings by Cheng, Skidmore and Wessel.
Read the following articles on inflation and write a one paragraph summary for each, highlighting the key points. These were selected to enhance your understanding of Monday nights lesson on inflation.
PCE and CPI Inflation: Whats the Difference? https://www.clevelandfed.org/newsroom-and-events/publications/economic-trends/2014-economic-trends/et-20140417-pce-and-cpi-inflation-whats-the-difference.aspx
Inflation or No Inflation: Should the Fed Pursue Complete Price Stability? https://www.brookings.edu/research/low-inflation-or-no-inflation-should-the-federal-reserve-pursue-complete-price-stability/
The Feds Inflation Target: Why 2 Percent? https://www.stlouisfed.org/open-vault/2019/january/fed-inflation-target-2-percent
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