1. Mr. Bernstein Module 36: The Modern Macroeconomic Consensus March 2019
AP Economics
Mr. Bernstein
Module 36:
The Modern Macroeconomic Consensus
March 2019

2. AP Economics Mr. Bernstein
The Modern Macroeconomic Consensus
Objectives - Understand each of the following:
The elements of the modern macroeconomic consensus
The main remaining disputes

3. AP Economics Mr. Bernstein
The Modern Consensus

4. AP Economics Mr. Bernstein
Should Monetary Policy Be Used in a Discretionary Way? The Consensus
Should be main policy tool
Fed should be independent
Should be used sparingly, but desperate times call for unique measures
Should Fed target economic measures?
Should Fed broadcast intentions?
Should Fed deliberately attempt to influence market prices?
Extra Credit Opportunity: QE and Economists