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Fed monetary policy effectiveness

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Reference no: EM132807486

You are required to submit an essay on the Fed's monetary policy effectiveness. It is expected that you will support your views with empirical and quantitative data, particularly relating to inflation rates and unemployment levels over the past decade (You may use Moodle or the Internet as sources).

1. How effectively has the Federal Reserve used monetary policy over the past decade to achieve its goals of price stability and maximum employment?

2. What are some of the variables influencing price stability and employment that are largely beyond the Fed's control?

3. Would it be preferable for the Fed to operate with a single mandate of price stability and, if so, what are the implications for achieving full employment?

Reference no: EM132807486

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