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Monetary Policy and the Federal Reserve: Tools, Goals, and Economic Impact

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Introduction to the Federal Reserve

The Federal Reserve and the Money Supply

The Financial Crisis of 2007-2009 (The Great Recession)

Goals of Monetary Policy

The Demand for Money

Monetary Policy and Aggregate Demand

Expansionary and Contractionary Monetary Policy

Federal Reserve Policies during the 2007-2009 Recession

Quantity Theory of Money

The Money Supply on the Graph

Dynamic AD-AS Model: Monetary Policy

Aggregate Demand

Long Run Aggregate Supply

Short Run Aggregate Supply

Shifting Short Run Aggregate Supply

AD-AS Model: Equilibrium in the Short Run and Long Run

Taylor Rule