Financial Markets and Institutions (2-downloads)


www.federalreserve.gov/fomc/



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Mishkin Eakins - Financial Markets and Institutions, 7e (2012)

www.federalreserve.gov/fomc/

.

3. a. When was the last scheduled meeting of the

FOMC? When is the next meeting?

b. Review the press release from the last meeting.

What did the committee decide to do about short-

term interest rates?

c. Review the most recently published meeting min-

utes. What areas of the economy seemed to be of

most concern to the committee members?

4. It is possible to access other central bank Web sites to

learn about their structure. One example is the

European Central bank. Go to 

www.ecb.int/

index.html

. On the ECB home page, find information

about the ECB’s strategy for monetary policy.

Economy

Probability

Unemployment

Rate (%)

Bust


0.15

20

Average



0.5

10

Good



0.2

5

Boom



0.15

1



Chapter 10 Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics


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