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23742-01 - Vorlesung: Monetary Policy Transmission: Theory and Empirics 3 KP

Semester Frühjahrsemester 2019
Angebotsmuster Jedes Frühjahrsem.
Dozierende Sylvia Kaufmann (sylvia.kaufmann@unibas.ch, BeurteilerIn)
Inhalt Monetary policy actions instantaneously affect as well the level as the term structure of financial market interest rates. Substitution, income and wealth effects initiate changes in agents’ consumption/savings and production/investment plans, and ultimately affect the real economy. The course focusses on the main channels through which monetary policy transmits to the real economy. In particular, we 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 within simplified versions of theoretical models. We discuss empirical papers to assess the relevance of the various channels and to compare the evidence obtained for the US, the euro area and Switzerland. Some additional papers discuss the effectiveness of unconventional monetary policy measures implemented during the recent financial crisis.
Lernziele Goals:
Learn about the main channels of monetary policy transmission, Discuss empirical results/evidence
Literatur References will be listed during the lecture


Teilnahmebedingungen Prerequisites: Macro courses at BA's level. Desirable: Advanced macro. Useful: Introduction to econometrics (BA level) and applied econometrics (MSc level).
Anmeldung zur Lehrveranstaltung Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!

Unterrichtssprache Englisch
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HörerInnen willkommen


Intervall unregelmässig
Datum 21.02.2019 – 04.04.2019
Zeit Donnerstag, 10.15-11.45 Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39

21.2.2019, 7./21./28.3.2019, 4.4.2019
The exact dates and rooms can be seen here below:

Datum Zeit Raum
Donnerstag 21.02.2019 10.15-11.45 Uhr Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39
Donnerstag 07.03.2019 10.15-16.00 Uhr Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39
Donnerstag 21.03.2019 10.15-16.00 Uhr Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39
Donnerstag 28.03.2019 10.15-16.00 Uhr Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39
Donnerstag 04.04.2019 10.15-16.00 Uhr Wirtschaftswissenschaftliche Fakultät, Seminarraum S16 HG.39
Module Kernmodul: Core Areas in Monetary Economics (Masterstudium: International and Monetary Economics)
Modul: Wahlbereich (Masterstudium: Wirtschaftswissenschaften)
Leistungsüberprüfung Semesterendprüfung
Hinweise zur Leistungsüberprüfung The grade is based on two parts. A written test contributes 50\% to the final grade. There are two options to acquire the remaining 50\%. Either the student presents an empirical paper during classtime; or s/he answers in written form additional questions on a personally selected empirical paper during the final exam.
Final exam: 25.4.19; 12:15-13:25. WWZ S14: A-Z.
An-/Abmeldung zur Leistungsüberprüfung Belegen via MOnA innerhalb der Belegfrist
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät