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     Money and Banking

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Money and Banking
(ECON 4110)

 

Syllabus

New Article:

David C. Wheelock, "Monetary Policy in the Great Depression."

 

 

 

Week 4  

Sidney Weintraub, Introduction to Monetary Economics, Chapter 10. 

 

M. Friedman and A. Schwartz, Chapter 7, "The Great Contraction, 1929-1933", A Monetary History of the United States,1867-1960, Princeton University Press,1971. 

 

 

Week 5    

A. Noulas, S. Ray and S. Miller, "Returns to Scale and Input Substitution for Large U.S. Banks," Journal of Money, Credit and Banking, Feb. 1990, pp. 94-108.                                     

 

 

Weeks 6-7

W. Poole, "The Theory of Monetary Policy Under Uncertainty", in R. Teigen, ed. Readings in Money, National Income, and Stabilization Policy, fourth ed., Irwin: Homewood, 1978. 

 

T. Havrilesky, R. Sapp and R. Schweitzer, "Tests of the Fed's Reaction to the State of the Economy: 1964-1974", reprinted in Current Issues in Monetary Theory and Policy, T. Havrilesky and J. Boorman, eds., AHM Publishing Corp.: Arlington Heights, 1976. 

 

 

Weeks 10-11

G. J. Santoni and Stone, "What Really Happened to Interest Rates?: A Longer-run Analysis". Review, November 1981, pp. 3-14.

B. Friedman, "Monetary Policy Without Quantity American Economic Review, May, 1988, pp. 440-445.

M. Friedman, "Lessons from the 1979-82 Monetary Policy Experiment", American Economic Review, May, 1984, pp. 397-400. 

                         

Week 12

Thomas J. Sargent, Chapter 3, "The End of Four Big Inflations", Rational Expectations and Inflation, Second Edition, Harper Collins, 1993.

 

 

Week 13     

Alesina and L. H. Summers, "Central Bank Independence and Macroeconomic Performance", Journal of Money, Credit and Banking, May, 1993, pp. 151-162.

 

 

Week 14

Alicia H. Munnell; Geoffrey, M. B.; Lynn E. Browne; James McEneaney, The American Economic Review, Vol. 86, No. 1, March, 1996, pp. 25-53.

Naci Mocan, W. James Smith, "Credit Rationing and Race in Mortgage Lending in the United States, 1960-1990," Applied Economics, 1997, pp. 1337-1342.

 

Week 15  

Malkiel, "The Term Structure of Interest Rates: Theory, Empirical Evidence, and Applications" reprinted in Contemporary Developments in Financial Institutions and Markets, T. Havrilesky and R. Schwietzer, eds., Harlan Davidson, Inc.: Arlington Heights, 1983.