Econ 302: Spring 2005 - Monetary Policy

Blanchard, chapter 9 (pp. 186–198); chapter 24 (pp. 510–518); chapter 25 (pp. 530–546); chapter 4 (pp. 69–83).
Federal Reserve Bank of San Francisco, "U.S. Monetary Policy: An Introduction"
- "Part 1: How is the Fed structured and what are its policy tools?" Economic Letter #2004-01, January 16, 2004.
- "Part 2: What are the goals of U.S. monetary policy?" Economic Letter #2004-02, January 23, 2004.
- "Part 3: How does monetary policy affect the U.S. economy?" Economic Letter #2004-03, January 30, 2004.
- "Part 4: How does the Fed decide the appropriate setting for the policy instrument?" Economic Letter #2004-04, February 6, 2004.

Walsh, Carl E. "The Science (and Art) of Monetary Policy," Federal Reserve Bank of San Francisco Economic Letter #2001-13, May 4, 2001.
Krugman, Paul. "Baby-Sitting the Economy," Slate, August 14, 1998.
"Monetary Metamorphosis," The Economist, September 23, 1999. [PDF version]

Ip, Greg. "Fed Chief's Style: Devour the Data, Beware of Dogma," Wall Street Journal, November 18, 2004.
Miller, Rich. "The Future of the Fed," Business Week, December 16, 2002.

Clarida, Richard, Jordi Gali and Mark Gertler, "The Science of Monetary Policy: A New Keynesian Perspective," Journal of Economic Literature, vol. 37, no. 4, (December, 1999), pp. 1661–1707.
Blinder, Alan. "Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics — and Vice Versa," Journal of Economic Perspectives, vol. 11, no. 2, (Spring, 1997) pp. 3–19.
Mishkin, Frederic S. "What Should Central Banks Do?" Federal Reserve Bank of St. Louis Review, November/December 2000, pp. 1–13.

Economics 302: Macroeconomic Analysis