The Importance Of Central Bank Independence And Transparency

1. Describe the origin of the Federal Reserve.

2. Discuss the Dual Mandate of the FED.

3. Discuss the importance of central bank independence and transparency.

4. Describe the structure of the Federal Reserve.

5. Describe the tools the Fed has in its toolbox and how/when the Fed uses these to meet their dual mandate from Congress?

6. What is the FED’s current monetary policy? What does the FED expect to happen in the U.S. economy in the near future?

NOTE: Items 1 – 6 above are factual, not opinion-based and should be written in third person. #7 & #8 below should reflect your opinion and may be written in first person.

7. Considering the Fed’s response to the Great Recession and Covid-19, has the Fed been successful in its attempts to meet their dual mandate from Congress? Why or why not?

8. If you had the power, what changes would you make to the Fed? Why?

Your paper should meet the following requirements:

* Your paper must be prepared as a WORD document.

* Include a Cover Page, Table of Contents, and a References page.

* The body of your paper (excluding the Cover Page, Table of Contents, and References page) should be 5-8 pages.

* Your text should be double-spaced, with 1” margins, Times New Roman font, with each paragraph indented. Do not add extra spaces between paragraphs.

*Include sub-headings to match your Table of Contents

* The textbook may be used as a source. In addition, you should have at least 3 other sources. NOTE: the Chapter Notes provide several possibilities 🙂

Do not use a blog as a source.

* Avoid the use of quotes in your paper. No more than 10% of your paper should be quoted material from any source – including the textbook.

* Use in-text citations whenever appropriate and be sure to include all cited sources in your References page.

* Use proper grammar.

the textbook is financial markets and institutions 13th edition cengage by jeff madura