Zurück
| Semester | Herbstsemester 2015 |
| Angebotsmuster | Jedes Herbstsemester |
| Dozierende |
Sarah Lein (sarah.lein@unibas.ch, BeurteilerIn)
Attilio Zanetti (attilio.zanetti@unibas.ch) |
| Inhalt | This course starts with a thorough introduction, both from an empirical and a theoretical perspective, into the basic New Keynesian macroeconomic model. This framework has emerged as the workhorse for the analysis of monetary policy and its implications for inflation, economic fluctuations and welfare. The second part of the course will then discuss recent issues and debates related to monetary policy, such as quantitative easing, the Swiss exchange rate lower bound, or forward guidance. |
| Lernziele | The main aim of this course is to describe and analyze the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals.It will start with building a theoretical model that allows us to analyse monetary policy in a general equilibrium framework.We will then discuss the transmission mechanisms of monetary policy, the effectiveness of monetary policy actions, the differences between monetary policy rules and discretionary policy, as well as on institutional issues concerning central banks. Using simple econometric techniques, regularities in the data will be uncovered and a series of stylized facts to describe macroeconomic dynamics will be established. The course will also show exceptional periods in the data, such as the recent financial crisis, and show how central banks react to such challenges by using unconventional instruments, such as quantitative easing, the Swiss exchange rate lower bound, or forward guidance. |
| Literatur | Gali, Jordi (2015), Monetary Policy, Inflation, and the Business Cycle. Princeton University Press. Walsh, Carl. (2010), Monetary Theory and Policy. MIT Press. |
| Weblink | Weblink |
| Anmeldung zur Lehrveranstaltung | Registration: Please enrol in MOnA. EUCOR-Students have to enrol at the students administration office (studsek@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| Intervall | Wochentag | Zeit | Raum |
|---|
Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Kernmodul: Core Areas in Monetary Economics (Master International and Monetary Economics) Vertiefungsmodul Monetary Economics and Financial Markets (Master Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | written exam: 07.12.15; 16:15-17:45. WWZ S13: A-Z. You can still withdraw from the examination by submitting a completed, signed form to our office from 13.10.15 until 23.10.15 / 12:00 o’clock. Withdrawals sent by email will not be accepted. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 12.10.15, please only use MONA for withdrawing. The exam rooms will be published up to 03.12.15. |
| An-/Abmeldung zur Leistungsüberprüfung | Anmeldung: Belegen |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Wiederholtes Belegen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Wirtschaftswissenschaftliche Fakultät |