Reference no: EM132582198

ECO320 Assignment - Evaluate the role and effectiveness of the Federal Reserve in stabilizing the economy since the 2007-2009 recession and its continued impact on the current state of the economy:

Use data from the Fed publications and other sources to support all of your positions.

Instructions:

The Federal Reserve offers to the general public numerous publications available at the website of the Federal Reserve Board here.

The Federal Reserve Board testimonies, press releases, monetary policy reports, the Beige Book, and a variety of other publications offer a detailed assessment of current economic activity, financial markets, and the monetary policy tools used to promote economic activity and preserve price stability.

Go to the website of the Federal Reserve Board at www.federalreserve.gov and find the section describing monetary policy tools. Explore conventional and non-conventional tools of monetary policy.

Write an eight to ten (8-10) page paper. The cover page and the reference page are not included in the required assignment page length.

Include the following 5 sections in your paper:

1. The monetary policy tools.

2. The ways in which the Federal Reserve adjusted the tools in response to the financial crisis of 2007-2009.

3. Based on your research, did the financial crisis of 2007-2009 compromise the independence of the Federal Reserve?

4. The strengths and weaknesses of using monetary policy versus fiscal policy when promoting economic activity and preserving price stability.

5. Based on your research, should the Fed change some of its current monetary policy targets, such as the 2-percent inflation target?

Sources -

1. List in order of use.

2. List a second source here.

3. List a third source here.

4. List a fourth source here.

Instructions: Required minimum number of academic quality references: 4

NOTE: Please delete all instructions and use double-spacing before submitting your paper.