TOPIC Propose and defend a new monetary policy with emphasis on how you would implement it.

TOPIC

Propose and defend a new monetary policy with emphasis on how you would implement it. Please follow this structure.

INTRODUCTION AND THESIS: The paper requires a thesis (argument) on the first page. The paper’s 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. If I do not know what the thesis of the paper is by the end of the first page, then I will stop reading and grade the paper accordingly.

SECTION 1:

This section covers where the economy is now and where it is going. This section needs to include charts of relevant economic indicators that you constructed in Excel using FRED data (St. Louis Federal Reserve Economic Data). Do not grab charts or tables from other sources. Only charts that you draw in Excel using FRED data can earn chart evidence points.

SECTION 2:

The section covers the Fed’s current policy, how it is being implemented, what it hopes to accomplish, and where your analysis sees this policy taking the economy.

In class, we discussed the current statements by the Fed. Also, the Fed has a list of each tool: Fed Policy Tools

SECTION 3:

This section covers your proposed change in policy, how you will implement it, and what you expect will result.

Throughout, you will want to use (and explicitly reference in text) our course readings. They should be used in text form: either quoted or paraphrased. Again, do not use outside sources, charts, tables, etc.

PARTICULARS

The paper’s text will be around 1,500 words (about six pages) not counting charts, but it can run longer if you have relevant arguments to make.

Papers will be submitted as a Microsoft Word document through TCU Online.

Papers will be double spaced with Times New Roman 12 point font.

Papers will use a student’s TCU ID number rather than their name.

Papers will use in-text citations to refer to relevant class readings.

Evidence points will focus on class readings. No outside sources will be used.

Endnotes or footnotes can be used if needed.

NO OUTSIDE SOURCES