St. Louis Fed (@stlouisfed) 's Twitter Profile
St. Louis Fed

@stlouisfed

Official Federal Reserve Bank of St. Louis account. We share economic data and insights. Home to FRED®, @FedFRASER & @FedHistory

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linkhttp://www.stlouisfed.org/ calendar_today04-09-2009 15:57:18

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St. Louis Fed
@stlouisfed

3 years ago

Many econ textbooks include outdated information on how Fed policy influences banks and the economy. Educators should abandon the “money multiplier,” a popular model that is now obsolete, a Page One Economics article says ow.ly/IAag50GMI5N

Many econ textbooks include outdated information on how Fed policy influences banks and the economy. Educators should abandon the “money multiplier,” a popular model that is now obsolete, a Page One Economics article says ow.ly/IAag50GMI5N