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We describe the interactive Fed Chairman Game available on the San Francisco Federal Reserve's website. We describe how the game can be used in a principles of macroeconomics class and provide an assignment to go along with it. Also, we discuss an assignment that can be used to adapt the game...
Persistent link: https://www.econbiz.de/10012707550
Over the last decade a new consensus model has emerged in monetary macroeconomics, labelled New Keynesian macroeconomics (Clarida et al., 1999). It consists of three simple building blocs: a forward-looking IS-equation that is derived from the optimization problem of a representative household,...
Persistent link: https://www.econbiz.de/10010305736
Persistent link: https://www.econbiz.de/10001900879
This paper provides background information, questionnaires, and basic descriptive statistics for a representative survey of the German population conducted on our behalf by GfK in 2011. Our aim is to discover the German public's knowledge about the ECB specifically, and monetary policy in...
Persistent link: https://www.econbiz.de/10012916420
Does the public believe that fiscal and monetary stimulus reduce unemployment? I present survey evidence on this question from a random sample of Pennsylvania residents. Few respondents express a consistently Keynesian view of fiscal and monetary stimulus. In fact, the typical respondent...
Persistent link: https://www.econbiz.de/10013103620
monetary disturbances. Taking changes in private (inflation and interest rate) expectations into account, we find that …
Persistent link: https://www.econbiz.de/10010406469
We analyse German citizens' knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We employ a unique representative public opinion survey of German households conducted in 2011. We find...
Persistent link: https://www.econbiz.de/10010508550
Over the last decade a new consensus model has emerged in monetary macroeconomics, labelled New Keynesian macroeconomics (Clarida et al., 1999). It consists of three simple building blocs: a forward-looking IS-equation that is derived from the optimization problem of a representative household,...
Persistent link: https://www.econbiz.de/10010498973
This paper provides background information, questionnaires, and basic descriptive statistics for a representative survey of the German population conducted on our behalf by GfK in 2011. Our aim is to discover the German public's knowledge about the ECB specifically, and monetary policy in...
Persistent link: https://www.econbiz.de/10011862187
The Federal Reserve has become a Supra-National Central Bank with Monetary Policy Effects on foreign equity markets that exceed the host country’s domestic central bank policy. In this paper we utilize macroeconomic data to demonstrate an outsized effect on domestic equity markets by Federal...
Persistent link: https://www.econbiz.de/10013211938