Knowledge is power: the importance of economic education
As technological advances continue to expand the range of financial services available to consumers, money management becomes increasingly complicated. Helping consumers navigate this sea of financial products is important. When households are capable of building wealth, they are also capable of building more economically stable neighborhoods and communities. That's one reason economic education is vital to the future health of our nation's economy. In "Knowledge Is Power: The Importance of Economic Education" President Anthony Santomero outlines what the Federal Reserve is doing to ...
Essay from the 2005 Annual Report.
Supply, demand & deadlines 2003 - Diamonds in the rough: making a story shine
Report from the Minneapolis Fed's annual economics workshop for journalists.
a speech at the Massachusetts Institute of Technology 2006 commencement, Cambridge, Massachusetts
Economics instruction and the brave new world of monetary policy
Economics education faces a challenge in keeping up with the changes that have swept through monetary policy in recent decades. Many central banking innovations, such as interest on reserves and large-scale asset purchases, aren't adequately treated in standard textbooks. The letter is adapted from a presentation made by the president and CEO of the Federal Reserve Bank of San Francisco to the AEA National Conference on Teaching Economics and Research in Economic Education in San Francisco on June 1, 2011.
Financial literacy: an overview of practice, research, and policy
Attention to financial literacy has grown in recent years, in large part because technological, market, and legislative changes have resulted in a more complex financial services industry that requires consumers to be more actively involved in managing their finances. Consumer and community interest groups, banking companies, government agencies, and policymakers, among others, have become concerned that many consumers lack a working knowledge of financial concepts and the tools they need to make decisions most advantageous to their economic well-being. As a result, considerable resources ...
Teacher workshops chip away at economic illiteracy
Workshops put on for teachers by the Atlanta and St. Louis Feds are having the desired results, a recent assessment shows. Teachers are learning about the economy and personal finance, and they are passing this information on to a student body that desperately needs it.