Fed Policy Making Strategies

You will choose a two-year time period from the last 30 years. For this period, you should analyze Fed policy making through key macroeconomic indicators of the business cycle. For your time period, use actual data and write at least one paragraph on each of the following indicators: • economic growth as measured by real GDP • the price level, i.e., if inflation was problematic • interest rates and how they were influenced by the Fed • the targets and goals of monetary policy and the Fed Chairman’s leadership in attaining them Organization Your paper consists of the items below which should be in the following order: 1) Cover sheet (title page) containing the following: assigned topic, your name, course name, date 2) Introductory paragraph states the topic and the thesis, i.e., the general conclusion that is supported by the body of the paper. 3) Second paragraph is a general description of data presented in tables or graphs. Tables/graphs should be labeled, the data source must be identified, and they should be on a separate page or pages as an attachment between the body of the paper and the Works Cited page. Data may be found in Federal Reserve Bulletin and other sources (see below). 4) Remaining paragraphs address the four indicators listed above, including more detailed analysis of data. 5) The conclusion summarizes and restates the thesis. 6) Tables/graphs are included as attachments. 7) Works Cited page containing your research sources is the final page. Research Sources The Federal Reserve Bulletin is required for one of your research sources. This Fed publication contains articles as well as data and is available in Academic OneFile, an on-line database available from Park University library. Full-text articles are available from 1979-2005 in Academic OneFile. More recent articles can be found on the Fed’s website (federalreserve.gov). In addition, you must use one citation from your textbook plus at least one additional research source that discusses the time period. Thus you should have at least three citations in the body of the text and at least three different references on your Works Cited page. Use of the Internet: Conducting scholarly research by simply googling your specific topic will yield very little useful information. You should find at least one article through Park Library’s on-line database or a government source; that reference will contain more references that you can pursue. NOTE: If your Works Cited page has only Internet sites, you will receive zero points for research. Unacceptable Sources: In general, citations from Internet websites will NOT count as a required source unless the citation is from a U.S. government website. The Internet can be used to find on-line versions of publications, but such citations should be made only for articles that are published in paper form (i.e., can be found in a library). For instance, you could use a New York Times article that is downloaded from the Internet. Cutting and pasting information from the Internet is plagiarism. Encyclopedias (e.g., Wikipedia), textbooks other than the course textbook, and abstracts of articles are not valid sources. Required and Recommended Sources: • Federal Reserve Bulletin (required; available in EBSCO or on the FED website) • the relevant chapter of your textbook (required) • the St. Louis Fed’s on-line database, FRED • other regional Fed publications • The Wall Street Journal • New York Times online (e-mail notices of this are available for free) • CNN Financial News online • The Economist (magazine) • any academic or nonacademic journal available through Park University library • library books • government publications (e.g., those of the Fed or the U.S. Treasury) Format for Citations • MLA Handbook • OR APA style Any of the above styles are acceptable, but you must be consistent in your use. If you have another manual, you may show it to me to make sure it is acceptable. References must be cited in the proper format both within the body of the paper and on the Works Cited page. Application of Economic Theory: • Are concepts based in economic theory from course lectures and applied to the real-world data? • Are all economic terms defined? • Are economic concepts explained and interpreted accurately? • Are facts presented and cited accurately? • Is a thorough understanding of concepts demonstrated? Presentation and Analysis of Data: • Are the data presented professionally in a table or graph, with the data source included? • Are the data used to support the thesis? • Are the data interpreted properly? • Are the data well organized and presented effectively?

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