8085 - MONETARY POLICY
MM-LS - OSI-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - CLEACC-LS - DES-LS - CLEMIT-LS - CLG-LS - M-LS
Department of Economics
Course taught in English
Go to class group/s: 31
MM-LS (6 credits - II sem. - AI) - OSI-LS (6 credits - II sem. - AI) - AFC-LS (6 credits - II sem. - AI) - CLAPI-LS (6 credits - II sem. - AI) - CLEFIN-LS (6 credits - II sem. - AI) - CLELI-LS (6 credits - II sem. - AI) - CLEACC-LS (6 credits - II sem. - AI) - DES-LS (6 credits - II sem. - AI) - CLEMIT-LS (6 credits - II sem. - AI) - CLG-LS (6 credits - II sem. - AI) - M-LS (6 credits - II sem. - AI)
Course Director:
ROBERTO PEROTTI
ROBERTO PEROTTI
Course Objectives
The course deals with general literature on the theory of monetary theory and discusses the monetary institutions as well as recent practical problems of monetary policy action in the euro area and in other Countries and currency areas. The course aims at providing the students with the factual knowledge and the appropriate theoretical schemes to interpret the monetary policy of industrialized Countries and the most recent theoretical developments. A basic preparation in macroeconomics and monetary economics is recommended.
Course Content Summary
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The classic monetary model and with rational expectations model
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Monetary models with imperfections; the Philips curve
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Monetary policy; rules vs. discretion; Central Bank Independence; Optimal rules for monetary policy
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The effects of monetary policy
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Interactions between monetary and fiscal policy; fiscal dominance, inflation and budget deficits
Detailed Description of Assessment Methods
Final written exam only. There will be no partial exams.
Textbooks
Readings will be provided at the beginning of the course.
For further and continuously updated information consult the IEP web site or contact S.I.D. - Servizio Informazioni Didattica - Institute of Economics - via Gobbi, 5 - Room 313.
Last change 15/03/2007 20:51