Money and Banking

1. The book is : 
   Hubbard,GlennR.andAnthonyPatrickO’Brien,Money,Banking,andthe Financial System, Pearson, 2nd Edition, 2014.
   
   Federal Reserve Reaction Paper 
   a) Students are required to write a paper on a topic related to the Monetary Policy. Please visit one of the Federal Reserve Bank’s websites to obtain your paper. The links are listed below:
   • http://www.newyorkfed.org/research/publication_ann…
   • http://www.philadelphiafed.org/research-and- data/publications/special-reports.cfm
   • http://research.stlouisfed.org/publications/review…
   • https://www.chicagofed.org/webpages/publications/e…
   • http://www.minneapolisfed.org/publications_papers/…

b) The paper will be at least 4 pages long double-spaced. Paper must be in APA format with a bibliography.

c) The firs half of the paper should be concise and answer the following questions:

• What is the primary issue/question/hypothesis the author wants to address?
• Why is the question interesting?
• What is the data source?
• What is the basis for my empirical research? 
  
  d) The second half should be a critique of your first half. It may consider one or more of the following questions: 
  *From any chapter covered in your Money and Banking Textbook: how is this Federal reserve paper related? Please offer clear detailed connection
  
  *Is there any causal relationship? 
  
  *Are you convinced about findings? What is the strongest/weakest aspect of the argument/evidence? What questions remain for you? What would be a good extension or elaboration of this work