Federal Reserve Challenge

In this course we will study the tools of monetary policy to achieve the Federal Reserve’s dual mandate of maximum employment and stable prices. We will use macroeconomic theory, data, and cutting-edge research to analyze current economic conditions. The class will formulate a monetary policy recommendation for the U.S. central bank, emulating the Federal Open Market Committee, and five members of the class will present this recommendation in the annual Fed Challenge Competition at the Federal Reserve Bank of Boston. For a final project, each student will design their own mock monetary policy briefing and present it to the class (ECON 0111 [formerly ECON 0210] and ECON 0250).