The Federal Reserve System, Monetary Policy, and the Boom-Bust Economy

Wednesday, November 12, 2008
Programs for Teachers
Newberry Teachers' Consortium

In this seminar, participants will discuss the Federal Reserve Bank’s role in shaping monetary policies and how those policies have influenced the United States’ current economic problems. An overview of the Federal Reserve System will highlight key moments in the Fed’s history including the bank’s founding, its role in the Great Depression, and influence of modern monetary policies on its operations in the last 20 years. In the context of discussing this background participants will review the relevant economic theory of how monetary policy effects employment and real GDP in the short run and inflation in the long run.

Seminar led by Marc Hayford, Loyola University