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Course 2008-2009 a.y.

8085 - MONETARY POLICY


MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Department of Economics

Course taught in English


Go to class group/s: 31

MM-LS (6 credits - II sem. - AI) - AFC-LS (6 credits - II sem. - AI) - CLAPI-LS (6 credits - II sem. - AI) - CLEFIN-LS (6 credits - II sem. - AI) - CLELI-LS (6 credits - II sem. - AI) - DES-LS (6 credits - II sem. - AI) - CLG-LS (6 credits - II sem. - AI) - M-LS (6 credits - II sem. - AI) - IM-LS (6 credits - II sem. - AI) - ACME-LS (6 credits - II sem. - AI) - EMIT-LS (6 credits - II sem. - AI)
Course Director:
ROBERTO PEROTTI

Classes: 31 (II sem.)
Instructors:
Class 31: ROBERTO PEROTTI


Course Objectives

The course deals with general literature on the theory of  monetary theory and discusses the monetary institutions as well as recent practical problems of monetary policy action in the euro area and in other Countries and currency areas. The course aims at providing the students with the factual knowledge and the appropriate theoretical schemes to interpret the monetary policy of industrialized Countries and the most recent theoretical developments.


Course Content Summary
  • The classic monetary model and with rational expectations model
  • Monetary models with imperfections; the Philips curve
  • Monetary policy; rules vs. discretion; Central Bank Independence; Optimal rules for monetary policy
  • The effects of monetary policy
  • Interactions between monetary and fiscal policy; fiscal dominance, inflation and budget deficits

Detailed Description of Assessment Methods

Final written exam only. There are no partial exams.


Textbooks

Readings are provided at the beginning of the course.

Exam textbooks & Online Articles (check availability at the Library)

Prerequisites
A basic preparation in macroeconomics and monetary economics is recommended
Last change 28/05/2008 13:36
 

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