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| Semester | Frühjahrsemester 2021 |
| Angebotsmuster | Jedes Frühjahrsem. |
| Dozierende | Philip Turner (philip.turner@unibas.ch, BeurteilerIn) |
| Inhalt | This kolloquium analyses a new revolution in monetary policy, drawing also on earlier theories of money. Three huge shocks – the GFC, the near-collapse of the euro and COVID-19 – led central banks on a path of unprecedented balance sheet expansion. What challenges do central banks face now? In this course, understanding these policies and challenges is helped both by finance theory and by knowledge of earlier monetary policy frameworks. |
| Literatur | There is no course textbook. Begin with chapter 1 of Philip Turner (2021) The new monetary policy revolution: advice and dissent. NIESR Occasional Paper and chapter 2 of Richard Barwell et al (2020) Monetary policy in troubled times: new governor, new agenda. NIESR Occasional Paper. Further readings will be suggested for each lecture and posted in ADAM. These readings will include the texts of speeches by central bank governors and senior officials because such speeches often contain very useful and clear economic analysis of live issues facing central banks. Two articles to start with are: Agustin Carstens, “Monetary policy: 10 years after the financial crisis.” (Basler Bankers Forum, 5 September 2019). The second is Steven Kamin: “Short-term progress and longer-term challenges for the Federal Reserve” American Enterprise Institute, 28 September 2020. |
| Weblink | Weblink to ADAM |
| Teilnahmebedingungen | Prerequisites: Bachelor in Business and Economics. |
| 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 |
| Einsatz digitaler Medien | Online-Veranstaltung |
| Intervall | Wochentag | Zeit | Raum |
|---|---|---|---|
| wöchentlich | Montag | 16.30-18.00 | - Online Präsenz - |
| wöchentlich | Dienstag | 08.30-10.00 | - Online Präsenz - |
| Bemerkungen | The course will be taught online at the dates you can see below: |
| Datum | Zeit | Raum |
|---|---|---|
| Montag 01.03.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 02.03.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 08.03.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 09.03.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 15.03.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 16.03.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 22.03.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 23.03.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 29.03.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 30.03.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 05.04.2021 | 16.30-18.00 Uhr | Ostern |
| Dienstag 06.04.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 12.04.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 13.04.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 19.04.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 20.04.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 26.04.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 27.04.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 03.05.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 04.05.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 10.05.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 11.05.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 17.05.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 18.05.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 24.05.2021 | 16.30-18.00 Uhr | Pfingstmontag |
| Dienstag 25.05.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Montag 31.05.2021 | 16.30-18.00 Uhr | - Online Präsenz -, -- |
| Dienstag 01.06.2021 | 08.30-10.00 Uhr | - Online Präsenz -, -- |
| Module |
Kernmodul: Core Areas in Monetary Economics (Masterstudium: International and Monetary Economics) Modul: Europäisierung und Globalisierung (Masterstudium: European Global Studies) Vertiefungsmodul: Monetary Economics and Financial Markets (Masterstudium: Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | The course will require that students take an active part in discussing what are live and controversial questions. Students will be invited to prepare a very short presentation (7 to 10 minutes) on one article or a section of a book relevant to a theme. They should explain the point of the article is and should say on what they agree or disagree. They can suggest a few key questions for the class to discuss. Making presentations is an active way of learning both individually and from others, and is an important skill to acquire for any job. This will not be graded and students should feel relaxed about it. Each student will be asked to write an essay on a topic/question drawn from a list covering the six themes (50% of the grade), and give a 15-minute talk on that essay (25% of the grade). Not more than 4000 words plus a few well-chosen graphs and tables. Each student should feel free to discuss this essay with the lecturer at any stage. 25% of the grade will be for class participation. |
| 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 / WWZ |