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ERIC Number: EJ1024652
Record Type: Journal
Publication Date: 2013
Pages: 10
Abstractor: As Provided
Reference Count: 6
ISSN: ISSN-0022-0485
Monetary Policy after August 2007
Gertler, Mark
Journal of Economic Education, v44 n4 p329-338 2013
In this article, the author describes conceptually how to think about the dramatic changes in monetary policy since the sub-prime crisis of August 2007. He also discusses how to incorporate these changes and related economic concepts in the teaching of an undergraduate class in macroeconomics. A distinction is made between conventional and unconventional monetary policy, both conceptually and in practice, but most of the focus is on unconventional monetary policy and how it can be integrated within a standard macroeconomic framework. Some attention is also given to the relevance of the liquidity trap and forward guidance in monetary policy.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A