Date of Award

5-2015

Degree Type

Thesis

Degree Name

Master of Science (MS)

Department

Applied Economics

First Advisor

Ryan Bosworth

Abstract

The Federal Reserve defines “monetary policy” as any strategy that influences money and credit, which further affects GDP. These policies are used to promote maximum employment, stable prices and moderate long-term interest rates. Generally, these policies can be differentiated by the choice of target variables. Examples of monetary policy includes exchange rate targeting, monetary targeting, among others. This paper will look at inflation targeting and investigate its effect on macroeconomic variables.

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