Don’t worry about the charts, ill add later Economics of Financial Markets FOMC (Federal Open Market Committee) Project Propose and defend a monetary policy change that differs from the current FOMC policy in some way beyond simply altering the target federal funds rate. This is a paper, and it will require a thesis (argument) that synthesizes relevant data and economic theory.l FOMC Policies and tools can be found at The Federal Reserve Board of Governors http://www.federalreserve.gov/monetarypolicy/default.htm You will need to explicitly use a Macroeconomic Framework. Use any macro perspective you prefer from Intermediate Macro or other course. The paper needs to include a drawing of at least one macroeconomic theoretical perspective. You need to draw this yourself. It will be plagiarism to grab it from the internet without a reference. You will need to explicitly use relevant macroeconomic indicators. The paper will include charts you made using Excel and data taken from the Federal Reserve. Grabbing charts from the internet without attribution is plagiarism. 1. St. Louis Federal Reserve FRED has a great set of macroeconomic data. 2. The Federal Reserve Board of Governors has data, including the Financial Accounts (Z.1). The papers thesis will clearly state your monetary policy, how it differs from current policy, and the reasons you recommend this change. You do not need to mimic the structure of Fed pronouncements. The rest of the paper will be your supporting argument and evidence. You may use sources in addition to course readings and Fed data. If other sources are used, then understand that: Only theory charts you draw using Microsoft Word or Excel (with shapes accessible) can earn full evidence points. Only data charts that you draw in Excel using FED data can earn full evidence points. Only references to class readings can earn full evidence points.
