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The views expressed in the Working Paper Series are those of the author(s) and do not
The goal of this paper is to report on the current status of personal financial education in K-12... more The goal of this paper is to report on the current status of personal financial education in K-12 schools in the United States. Drawing on the findings from a unique survey of leaders in the field of K-12 personal financial across the 50 states, we seek to describe the nature of K-12 personal financial education in the United States along a number of key dimensions: states’ requirements for personal financial education in the nation’s public schools, the extent to which personal finance is actually being taught in our schools, the sources of professional development for teachers, the degree to which various constituencies support K-12 financial education, and the possible obstacles to the implementation of personal finance in the nation’s schools.
International Review of Economics Education, 2014
International Handbook of Financial Literacy
Monetary Policy in Ordinary Times For decades, high school and college textbooks were predictable... more Monetary Policy in Ordinary Times For decades, high school and college textbooks were predictable in their coverage of monetary policy. The textbook version would define money, pointing out that the definition goes well beyond currency to include money in checking accounts. The text would describe the Federal Reserve, its Board of Governors, and the 12 regional Federal Reserve Banks. The text would explain that commercial banks are required to hold funds in reserve against their deposits, and that the Federal Reserve can change the quantity of money to achieve economic goals. For example, if the Federal Reserve reduces the reserves that banks are required to hold, banks have a greater ability to lend, and can expand lending, creating multiple new deposits through the process summarized in the “money multiplier.” Next, students would be shown how the Federal Reserve can encourage lending through changes in the discount rate, or the interest rate it charges member banks for loans. Fin...
Social Studies and the Young Learner, 2010
The views expressed in the Working Paper Series are those of the author(s) and do not
The goal of this paper is to report on the current status of personal financial education in K-12... more The goal of this paper is to report on the current status of personal financial education in K-12 schools in the United States. Drawing on the findings from a unique survey of leaders in the field of K-12 personal financial across the 50 states, we seek to describe the nature of K-12 personal financial education in the United States along a number of key dimensions: states’ requirements for personal financial education in the nation’s public schools, the extent to which personal finance is actually being taught in our schools, the sources of professional development for teachers, the degree to which various constituencies support K-12 financial education, and the possible obstacles to the implementation of personal finance in the nation’s schools.
International Review of Economics Education, 2014
International Handbook of Financial Literacy
Monetary Policy in Ordinary Times For decades, high school and college textbooks were predictable... more Monetary Policy in Ordinary Times For decades, high school and college textbooks were predictable in their coverage of monetary policy. The textbook version would define money, pointing out that the definition goes well beyond currency to include money in checking accounts. The text would describe the Federal Reserve, its Board of Governors, and the 12 regional Federal Reserve Banks. The text would explain that commercial banks are required to hold funds in reserve against their deposits, and that the Federal Reserve can change the quantity of money to achieve economic goals. For example, if the Federal Reserve reduces the reserves that banks are required to hold, banks have a greater ability to lend, and can expand lending, creating multiple new deposits through the process summarized in the “money multiplier.” Next, students would be shown how the Federal Reserve can encourage lending through changes in the discount rate, or the interest rate it charges member banks for loans. Fin...
Social Studies and the Young Learner, 2010