Posts Tagged ‘monetary policy’

  • A Janet Yellen Dashboard of economic indicators lets us graph Fed decision-making

    What We Should Know About Monetary Policy

    Jun 19, 14 • 730 Views • No Comments

    Having heard Janet Yellen’s press conference yesterday, I learned that the Federal Reserve expects that the economy will improve, their bond buying will diminish and, during the foreseeable future, interest rates will start to ascend. And yes, she...  [read more]

  • Experience of a babysitting co-op with scrip provides a monetary policy lesson and a debate

    The Monetary Policy Mistakes of a Babysitting Co-op

    May 15, 14 • 640 Views • No Comments

    There once was a French economist whose name was Say. Proclaiming that “Supply Creates Its Own Demand,” Jean-Baptiste Say (1767-1832) entered economic history with Say’s Law. All he meant was that workers are also consumers. The money...  [read more]

  • Consumer Price Index and Billion Prices Project are different inflation yardsticks.

    Inflation: What A Billion Prices Tell Us

    May 13, 14 • 883 Views • No Comments

    Every year, my class meets Harriet Shaw through a PBS NewsHour broadcast from 1991. An economic assistant for the Bureau of Labor Statistics (BLS), she is a professional shopper who tracks prices. In the newscast, we follow her up and down store...  [read more]

  • everyday economics and college

    Handy Banking Quotes

    Mar 18, 14 • 626 Views • No Comments

    Car buyers typically display decision fatigue when asked to choose among “4 styles of gearshift knobs, 13 kinds of wheel rims, 25 configurations of the engine and gearbox and a palette of 56 colors for the interior.” Too worn out to choose, they take the...  [read more]

  • Federal Reserve takes punch bowl away

    Humor in Fed Transcripts

    Feb 22, 14 • 504 Views • No Comments

    Below, just a reminder of one piece of the Great Recession before looking at the Fed transcripts. Lehman Brothers is the orange line.   With a typical 5-year lag, the transcripts of the 2008 Federal Open Market Committee (FOMC) meetings were just...  [read more]