It’s for Economics of Money, Banking and Financial Markets
ISBN: 9780136894186
By: Frederic Mishkin
Please see the attachment for more details about requirement.
Choose one of the following as a topic of your essay:
TOPIC 1:
Surging costs for pretty much everything from gas, through food and housing, have been reflected in the U.S. consumer inflation which spiked to close to 9% in June 2022 (measured by CPI, the highest since 1980s!) and although showing a decreasing trend now, as of January 2023, it still remains high on 6.3%. In your persuasive essay, please explain:
a) First, what caused the spike in the inflation rate in the recent years?
b) Second, what advice would you give to President Joe Biden (fiscal policy) and the chairman of the Federal Reserve Jerome Powell (monetary policy) concerning an appropriate economic policy for reducing the inflation rate?
(Please review fiscal policy if needed from the pre-req course ECON 202).
OR
TOPIC 2:
In your persuasive essay, please explain:
If you were a policymaker working at a branch in a Federal Reserve System and were to contribute by making policy suggestions on your chosen topic to the Board of Governors:
a) What issue/problem you would consider important and needed to be resolved considering current status of the US economy and the Fed’s goals?
b) What policies do you suggest tackling the issue and what is the desired outcome?
