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Description

The Federal Reserve has a dual mandate to carry out Policy objectives that bring about full employment in the economy with price stability. On the full employment side, monthly job growth along with unemployment rates are two key metrics that indicate how well the fed is doing in achieving the mandate. In this study, I focus on unemployment rate trends over the period 2001-2015.In 2001, the U.S. economy was dealing with a mild recession and in 2008 a severe recession. I look at the trend in the unemployment rate for the periods 2001-2007 and 2009-2015 to obtain a better understanding of how the unemployment rates differed over each time period. Finally, I look at the relationship between the unemployment rates,inflation and the money supply in the 2009-2015 period to determine if these factors are inversely correlated.

Publication Date

4-9-2016

Project Designation

Independent Research

Primary Advisor

Economics & Finance

Primary Advisor's Department

Trevor C Collier

Keywords

Stander Symposium poster

Disciplines

Arts and Humanities | Business | Education | Engineering | Life Sciences | Medicine and Health Sciences | Physical Sciences and Mathematics | Social and Behavioral Sciences

Monetary Policy and Unemployment Rates: Is there a relationship? An Empirical Analysis: 2001-2015

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