Internet resources
Chapter 14: Monetary Policy

Web assignments:

1. Continental Currency
2. Monetary Policy and Inflation
3. Minutes of the Federal Open Market Committee

Web materials related to topics discussed in Chapter 14

An anti-inflationary policy is a pro-growth policy (by Arthur Rolnick)

This article, written by the Senior Vice President and Director of Research at the Minneapolis Fed, argues that a policy of maintaining price stability is essential for maintaining economic growth.

Central Banking Resource Center

Links to the home pages of central banks.

Consumer Price Index Conversion Tables (provided by Robert Sahr)

A listing of conversion factors needed to convert prices from any year between 1800 and 1996 into 1996 dollars.

Consumer Price Index Home Page

This page, provided by the Bureau of Labor Statistics, provides information about the construction of the CPI.

Federal Reserve Banks

Links to Federal Reserve District Banks and to the Board of Governors.

The Inflation Calculator (by S. Morgan Friedman)

This online inflation calculator converts nominal prices from any year between 1800 and 1997 into a price measured in terms of any base year (in this same time period). All conversions are based on CPI data.

Inflation Calculator (NASA)

This Java Script based calculator uses the implicit GDP deflator to perform conversions from nominal prices to real prices (for any year between 1940 and the present -- in fact, estimated values of the implicit GDP deflator can be used to convert prices up until the year 2003). The use of this site, however, requires a JavaScript enabled browser.

Inflation Forecasts: How Good Are They?

A discussion of the forecast accuracy of surveys of professional forecasters.

The Livingston Survey

This page contains the results from a survey of economists' expectations about output, unemployment, and inflation. The survey was begun by Joseph A. Livingston in 1946 and has been conducted by the Philadelphia Fed since 1990.

A History of Money from Ancient Times to the Present Day

This site, a companion to Glyn Davies book, A History of Money from Ancient Times to the Present Day, provides an interesting overview of the evolution of money and banking.

Monetary Policy Statement by the Chancellor of the Bank of England

A statement of the Bank of England's monetary policy goals.

Survey of Professional Forecasters

A quarterly survey of macroeconomic forecasts begun in 1968 by the American Statistical Association and the National Bureau of Economic Research. Since 1990, it has been conducted by the Philadelphia Fed.

Related resources:

Other economic resources

This page contains a set of links to economic resources that may be of interest to introductory economics students.