{"id":179,"date":"2024-05-30T03:28:12","date_gmt":"2024-05-30T03:28:12","guid":{"rendered":"https:\/\/course.oeru.org\/maec103\/?page_id=179"},"modified":"2024-05-30T03:28:12","modified_gmt":"2024-05-30T03:28:12","slug":"monetary-tools","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec103\/learning-pathways\/introduction-to-monetary-policy\/monetary-tools\/","title":{"rendered":"Monetary tools"},"content":{"rendered":"
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Readings: Monetary terms, and the roll of central banks<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t
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Bank of Italy<\/div>\n<\/div>\n<\/div>\n

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\nIt’s important that you understand not just the policy implications of the various banking systems, and how they create money, but also that you have a clear understanding of the terms that are used to describe the different parts in these systems.\n<\/p>\n

Read John Petroff’s “Macroeconomics, Chapter 10: Money”<\/a>to learn the key terms and definitions for these elements.\n<\/p>\n

Then read Principles of Macroeconomics: “Chapter 9, Section 3: The Federal Reserve System”<\/a> and do the “Try It” exercises. This reading will provide additional perspectives and insight on the role of central banks and how they create and destroy money.\n<\/p>\n

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Footnotes<\/span><\/h2>\n

Materials copied and adapted in accordance with the PEOI Educational Material Universal Common License<\/a>.\n<\/p>\n

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