~ $ ~

~  'M & B' Readings  ~

% % %   Articles are ($) required ($) for the Final Exam  % % %

Jared Berstein, ($) "The Fed's Phantom Menace" ($), Economic Policy Institute, Issue Brief #132, 6-25-99,

Aron Berstein,($) "A Human reason Not to Raise Rates" ($), Business Week, 9-7-98

Robert Eisner,($) "Concept of a 'Natural Rate of Unemployment' Is Grossly Inflated" ($), L.A. Times, 4-3-94

"FOMC ALERT", (3-21-2000), The Financial Market Center
($)  Memorandum  ($); To: Vice President Gore; From: James K. Galbraith; Subject: How to Handle The Fed; Date: March,8,2000

Marry Williams Walsh, ($) "Inflation Surge Casts a Shadow on Economy" ($), LA Times, 4-15-2000.

R. Heilbroner & Lestor Thurow, ($) "The Specter of Inflation" ($), Economics Explained, p177-185, 1998.

David Gordon, ($) "Increased Saving Isn't Key to Stimulating Investment"  ($), LA Times, 7-14-91

($)  "Dollar Falls Sharply Against Yen"  ($),The New York Times, 3-31-2000.

($) "Trade Picture" ($), 3-2-2000, Economic Policy Institute.

Robert Eisner, ($) "Address Other Issues and Trade Deficit will Take Care of Itself." ($), LA Times, Oct. 9, 1994.

Burton Makiel, ($) "Wall Street Moves Main Street" ($), WSJ, 6-23-98.

Robert Guttmann, ($) "Managing Credit-Money" ($), in "Reforming Money and Finance", p. 3-7, 2 ed., 1997.

Herman Daly, ($) "Money Fetishism and the Paper Economy" ($), in "Beyond Growth", p.38-40, 1996.

Chet Currier, ($) "Money-Market Funds Are Thriving as the Fed Raises Interest Rates" ($), LA Times, 11-28-99.

R. Carson, W. Thomas, and J. Hecht, ($) "Economic Issues Today: Alternative Approaches" ($), p. 4-10, 6th ed., 1999.

Norman Frumkin, ($) "The Leading Indicator System" ($), in "Tracking America's Economy", p.300-306, 3rd, ed. 1 998.

Olivar Blanchard, ($) "How the Bond Market Works" ($), Macroeconomics, p.89, 1997.


"Fedpoint 32: Open Market Operations", "Fedpoint 15: Federal Funds" The Fed of New York.

"Fedpoint 4: Repurchase and Matched-Sale Transactions", The Fed of New York.

"Fedpoint 2: Primary Dealers", The Fed of New York.

"Fedpoint 30: Discount Rate", The Fed of New York.

"Fedpoint 45: Reserve Requirements", The Fed of New York.

"Fedpoint 44: U.S. Foreign Exchange Intervention", The Fed of New York.

James Flanigan, "Strong Dollar Bodes Well for U.S. Markets", LA Times, 4-23-2000.

William Greider, "Tracking the Yield Curve", Financial Mkts Center.

Jeff Faux, "The Fed's Unnecessary Assault on Wages", Issue Brief #136, 3-2-2000, Economic Policy Institute.

Joseph Stiglitz, "The Insider: What I Learned at the World Economic Crisis", The New Republic, 4-17-2000.

Lincoln Anderson,  "Stock Prices Shouldn't Concern the Fed" . W.S.J., 10-29-95.

Jeanette Bradley & Peter Skillern, "Predatory Lending: Banks Trick Poor Into Expensive Loans", Dollars & Sense, Jan-Feb, 2000.

Bill Tabb, "Japanese Bank Mergers- Bigger, Not Better", Dollars & Sense", Jan-Feb, 2000.

James K. Galbraith, "Dangerous Metaphor: The Fiction of the Labor Market", Public Policy Brief No. 36A, Oct. 1997.

D. Papadimitriou and L. Wray, "What to Do with the Surplus: Fiscal Policy and the Coming Rescession", Policy Notes, 1998/6, Jerome Levy Economic Institute.

Raymond Franklin,"American Capitalism: Two Visions".Ch. 1, p. 5-12, 1977.

Jane D'Arista, "The Debt Service Challenge": Flow of Funds 'Review' & 'Analysis', (2nd Quarter 1999), FOMC ALERT, Oct.5, 1999.

Dean Baker,"Too Much of the Bubbly on Wall Street", Dollars & Sense", July/Aug. 1999.

Wynne Godley, "Interim Report: Notes on the U.S. Trade and Balance of Payments Deficits", Jerome Levy Economic Institute, March 2000.

Robert Eisner,"Act Now To Prevent A Recession", WSJ, 10-4-98


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