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| Semester | Frühjahrsemester 2017 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Sylvia Kaufmann (sylvia.kaufmann@unibas.ch, BeurteilerIn) |
| Inhalt | Summary: Monetary policy actions instantaneously impact as well on the level as on the term structure of financial market interest rates. The gradually observable effects on the real economy are triggered by substitution, income and wealth effects, which initiate changes in consumption/savings and production/investment plans of economic agents. The course focusses on the main channels through which monetary policy initiates these effects. In particular, we will discuss the interest rate, the credit, the cost and the risk-taking channel of monetary policy transmission. We derive and describe the propagation of monetary policy actions through these channels within simplified versions of theoretical models. Empirical papers will be discussed to assess the relevance of the various transmission channels and to compare the evidence obtained for the US, the euro area and Switzerland. |
| Lernziele | Goals: Learn about the main channels of monetary policy transmission, Discuss empirical results/evidence |
| Literatur | TBA |
| Bemerkungen | Dates in Spring 2017: Fridays, 3.3.2017, 10.15-11.45 17./24.3.; 7./21./28.4., 5.5. at 10.15-11.45, 12.30-14.00 |
| Weblink | Weblink |
| Teilnahmebedingungen | Prerequisites: Macro courses at BA's level. Desirable: Advanced Economic Theory. Useful: Introduction to Econometrics (BA level) and Applied Econometrics (MSc level). |
| Anmeldung zur Lehrveranstaltung | Application: Please enrol in MOnA. |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| HörerInnen willkommen |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Kernmodul: Core Areas in Monetary Economics (Master International and Monetary Economics) Modul Wahlbereich (Master Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | Written exam/partly oral presentation. date of written exam: 15.5.17; 9:00-9:40. WWZ Studiendekanat: A-Z. |
| 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 |