Economics 341

Monetary and Fiscal Policy
Fall 2014
Jeffrey Parker, Reed College
Essay is due: 10am, Wednesday, November 19

Please write a short (1-2 page) essay responding to the following question. Send your essays to parker+341@reed.edu no later than class time on Wednesday, November 19.

What do you expect to be the average rate of inflation in the United States over the next five years? Justify your answer using the theories that we have discussed in this class, plus your underlying assumptions about the course of monetary policy and general economic conditions between now and the end of 2019.