475408-FS2022-0-Seminar: Asset Pricing, r versus g, and Modern Monetary Theory: How Much Debt Can Governments Issue?





Root number 475408
Semester FS2022
Type of course Seminar
Allocation to subject Economics
Type of exam not defined
Title Seminar: Asset Pricing, r versus g, and Modern Monetary Theory: How Much Debt Can Governments Issue?
Description The seminar targets students who have completed their mandatory training in microeconomics, macroeconomics and mathematics (i.e., students in the second half of their BA studies) and who are interested in modern macroeconomic theory.
We analyze arguments according to which the government does, or does not face an intertemporal budget constraint. What does the literature on asset pricing, rational bubbles, or the fiscal theory of the price level have to say? Why does the difference between the interest rate and the growth rate matter? Does "Modern Monetary Theory” add anything to these insights?

We start by reviewing standard economic models (c. 3 classes). Thereafter, students read contributions to the literature, summarize them and present their summaries in class.

There is a maximum of 12 participants, first-come-first-served (according to date of registration on KSL, registration open: 14.01.-14.02.2022)

classes: Tuesdays, 12.15 - 14.00 h, A019, UniS (exception: 29.03.2022, A024, UniS)
ILIAS-Link (Learning resource for course) Registrations are transmitted from CTS to ILIAS (no admission in ILIAS possible). ILIAS
Link to another web site
Lecturers Prof. Dr. Dirk NiepeltDepartment of Economics 
ECTS 6
Recognition as optional course possible Yes
Grading 1 to 6
 
Dates Tuesday 12:15-14:00 Weekly
Tuesday 29/3/2022 11:15-14:00
 
Rooms Seminarraum A 019, UniS
External rooms A024, UniS
 
Students please consult the detailed view for complete information on dates, rooms and planned podcasts.