8085 - MONETARY POLICY
MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Course taught in English
Go to class group/s: 31
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.
The classic monetary model and with rational expectations model
Monetary models with imperfections; the Philips curve
Monetary policy; rules vs. discretion; Central Bank Independence; Optimal rules for monetary policy
The effects of monetary policy
Interactions between monetary and fiscal policy; fiscal dominance, inflation and budget deficits
Final written exam only. There are no partial exams.
Readings are provided at the beginning of the course.