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| Semester | Herbstsemester 2016 |
| 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. We will then use the model as a benchmark to discuss current issues in monetary policy, such as the rationale for and the nature of unconventional monetary policies, the transmission channels of monetary policy, the role of inflation expectations, the empirical Phillips curve, the Taylor rule and the role of the equilibrium real interest rate, inflation targeting and the optimal inflation level. |
| Lernziele | The main aim of this course is to describe a state-of-the-art macroeconomic general equilibrium framework and use it to analyze the conduct of monetary policy and to understand some of the major challenges currently faced by central banks around the world. |
| Literatur | First 6 lectures (theoretical model): Gali, Jordi (2015), Monetary Policy, Inflation, and the Business Cycle. Princeton University Press. Chapters1-4. Second part of the class (empirical applications and current issues) will be based on various scientific articles provided in a reading list. |
| 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 | Notes for the Assessment: One take-home exam after the first part of the course. Written exam: 12.12.16; 16:15-17:45. WWZ S14: A-Z. You can still withdraw from the examination by submitting a completed, signed form to our office from 18.10.16 until 28.10.16 / 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 17.10.16, please only use MONA for withdrawing. The exam rooms will be published up to 09.12.16. |
| 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 |