Economics instruction and the brave new world of monetary policy

John Williams

FRBSF Economic Letter, 2011, issue june6

Abstract: Economics education faces a challenge in keeping up with the changes that have swept through monetary policy in recent decades. Many central banking innovations, such as interest on reserves and large-scale asset purchases, aren't adequately treated in standard textbooks. The letter is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to the AEA National Conference on Teaching Economics and Research in Economic Education in San Francisco on June 1, 2011.

Keywords: Monetary policy; Economics - Study and teaching (search for similar items in EconPapers)
Date: 2011
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