MIT: Veronica Guerrieri's "Principles of Macroeconomics, L16-L17: Monetary Policy"

Read these lecture notes, which provide important details regarding attempts to manage the money supply and interest rates while achieving macroeconomic goals. As you are likely aware by now, monetary policy and fiscal policy are two instruments by which governments address economic expansions or contractions. As you progress in this course, keep in mind one instrument may be more effective in addressing those matters.