山东大学货币经济学（英）授课教案
课程代码
0023100710-4
授课日期
月日（）
课程名称
Monetary Economics
授课方式
授课教师姓名
Kong Danfeng (孔丹凤)
职称
Professor
授课对象
金融数学2011级39人
留学生2人（荷兰、意大利）
授课时数
18周周3
授课地点
中心理综楼208
Control of the Monetary Base
Federal Reserve Open Market Operations
Shifts from Deposits into Currency
Discount Loans
Other Factors That Affect the Monetary Base
normal anchoropen market operationspolitical business cycleprice stability
time-inconsistency problem
辅助教学情况（多媒体课件、板书、绘图、标本、示教等）
多媒体课件、板书
课程网站资源/G2S/Template/View.aspx?action=view&courseType=0&courseId=325
11. "The theory of bureaucratic behavior indicates that theFed never operates in the public interest." Is this statementtrue, false,or uncertain? Explain your answer.
8.The Fed is the most independent of allU.S. Governmentagencies.What is the main difference between itand other government agencies that explains the Fed'sgreater independence?
4. In what ways can the regional Federal Reserve Banksinfluence the conduct of monetary policy?
5.Which entities in the Federal Reserve System controlthe discountrate? Reserve requirements? Open marketoperations?
参考教材（资ห้องสมุดไป่ตู้）
1、Frederic S. Mishkin, The Economics of Money, Banking and Financial Markets, 8thedition,
Pearson Education, 2007.
2、米什金，《货币金融学（中文版）》（第九版）（郑艳文、荆国勇译），中国人民大学出版社，2011年。
6. Do you think that the fourteen-year nonrenewabletermsfor governors effectivelyinsulate the Board ofGovernors from political pressure?
pare the structure and independence oftheFederal Reserve System and the European System ofCentral Banks.
9.Whatisthe primary tool that Congress uses to exercisesome control over the Fed?
10. In the 1960s and 1970s, the Federal Reserve Systemlost member banks at a rapid rate. How can the theoryof bureaucratic behavior explain the Fed's campaign forlegislation to require all commercial banks to becomemembers?Was the Fed successfulinthis campaign?
3、姜旭朝、胡金焱、孔丹凤，《货币经济学》（第二版），经济科学出版社，2008年。
Overview of the Fed’s Ability to Control the MonetaryBase
Multiple Deposit Creation: A Simple Model
Deposit Creation: The Single Bank
Deposit Creation: The Banking System
2. What political realities might explain why the FederalReserve Act of1913placed two Federal Reserve Banksin Missouri?
3. "The Federal Reserve System resembles the C. S. Constitutionin that it was designed with many checks andba1ances." Discuss.
授课主要内容及学时分配
Chapter 13Multiple Deposit Creation and the Money Supply Process
Four Players in the Money Supply Process
The Fed’s Balance Sheet
Liabilities
Assets
本单元或章节的教学目的与要求
Chapter 13Multiple Deposit Creationand the Money Supply Process
This chapter introduces the basic concepts that are important in understanding how the money supply is determined. One point that needs to be emphasized at the outset is that the money supply is not determined solely at the whim of the central bank; rather, there are three other players in the money supply process who also play an important role: banks, depositors, and borrowers from banks. Chapter 13 extensively discusses the simple model of multiple deposit creation, even though it is unrealistic and does not feature all of the players, because the basic principles involved are used in the more complicated and realistic models that follow in the next chapter. If students already have had strong preparation in their principles course, much of this chapter will be review and thus can be taught fairly quickly.
15.The Fed promotes secrecy by not releasing the minutesof the FOMC meetings to Congress or the publicimmediately. Discuss the pros and cons ofthispolicy.
Board of Governors of the FederalReserve Systemdual mandateFederal Open Market Committee(FOMC)
goalindependencehierarchical mandatesinstrumentindependencenatural rate or unemployment
Money and Inflation
Money and Interest Rates
Conduct of Monetary Policy
Fiscal Policy and Monetary Policy
主要外语词汇
Chapter 13Multiple Deposit Creationand the Money Supply Process
复习思考题
Chapter 13Multiple Deposit Creationand the Money Supply Process
l.Why was the Federal Reserve System set up withtwelve regional Federal Reserve banks rather than onecentral bank, as in other countries?
12. Why might eliminating the Fed's independence lead toa more pronounced politica1 business cycle?