1. Write a short essay (not more than 500 words) by summarizing the main arguments of the case study: “The Money Supply, the Money Multiplier and the Monetary Base During and After the 2007-2009 Financial Crisis”, Hubbard, Ch-14, Page 435-436. It carries 10 points.
2. Write a short essay (not more than 300 words) by summarizing the main arguments of the topic: ” Why Can’t the Fed Always Hits Its Federal Fund Target?”, Hubbard, Ch-15, Page 462-463. Read these two pages carefully and summarize. You can also use the graph at page 463 to build up your answers. It caries 10 points.
3. Write a short essay (not more than 500 words) by analyzing the case study: “Quantitative Easing(Q.E)- Fed Bond Purchase During and After the Financial Crisis”,Hubbard, Ch-15, Page 463-464. Read these two pages carefully and summarize. Can you link FED’s Q.E programs and Federal Fund Market? It carried 10 points
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