Join Professor Matt Hill as he walks you through the classroom slides of Day 4: "Importance of Monetary Policy" from MRU's free "Monetary Policy" unit plan. Get the unit plan here: https://mru.io/0ir

Learning Objectives:
- Understand the significance of central bank independence.
- Analyze real-world examples of instances where central bank independence was compromised and the resulting consequences.
- Explore how central banks use communication and signaling to shape market and public expectations.
- Evaluate the importance of credibility and trust in the central bank's ability to coordinate expectations effectively.
- Apply knowledge of the Federal Reserve’s monetary policy tools to identify the correct monetary policy for different circumstances.