| Description |
This course is designed as a presentation of the main theories in monetary economics that are commonly used in central banks. It starts with a survey of the key empirical results pertaining macroeconomic fluctuations over the last several decades, and it then discusses how alternative macro models can—or cannot—explain the facts. We then investigate the design of monetary policy, starting with Taylor rules and moving to optimal monetary policy. About one third of the class is based on: Gali, Jordi (2008), Monetary Policy, Inflation and the Business Cycle, Princeton University Press. The rest of the class is based on papers, and on class notes.
Additional readings:
- Sargent, T.J. (1987), Macroeconomic Theory, II Edition, Academic Press, Orlando
- Walsh, Carl (2003), Monetary Theory and Policy, 2nd edition, MIT Press
- Friedman, Benjamin, and Woodford, Michael (2011), Handbook of Monetary Economics, North Holland
Credits: 4 SWS / 6 ECTS
Evaluation: Three homeworks, last homework has to be handed in by 31.05.2022 and a final exam.
Participation: please register in KSL (open: Januar 20, 2022)
Start: Monday, February 21, 2022, 08:15-10:00h, PC-Pool A322 UniS
Exam: Monday, May 30, 8:15-10.00h, A222, UniS
Exam (retake). Monday, September 5, 2022, 08:15-10:00, H106, H4 |
User:
Öffentlicher Bereich
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