1. Monetary Policy and the Federal Reserve System
Chapter 14
Monetary Policy and the Federal Reserve System

2. Table 14.1 The Monetary Base, the Money Multiplier, and the Money Supply in the United States
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3. Figure 14.1 The currency–deposit ratio and the reserve–deposit ratio in the Great Depression
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4. Figure 14.2 Monetary variables in the Great Depression
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5. Figure 14.2 Monetary variables in the Great Depression (cont’d)
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6. Figure 14.3 Location of the Federal Reserve Banks
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7. Table 14.2 The Balance Sheet of the Federal Reserve System (Billions of Dollars)
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8. Figure 14.4 Components of the monetary base
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10. Figure 14.5 The discount rate and the Fed funds rate
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11. Figure 14.6 Interest rate targeting
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12. Figure 14.7 Responses of output, prices, and the Fed funds rate to a monetary policy shock
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13. Box The Taylor Rule
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14. Figure 14.8 The game between Dad and the kids
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15. Figure 14.9(a) The game between the Fed and the firms
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16. Figure 14.9(b)
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17. Figure 14.10 Central bank independence and inflation
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18. Figure 14.11 Interest rates and the 2001 recession
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