Courses Master Display 2016-2017

Course Description To PDF
Course title ECB and Monetary Policy
Course code EBC4023
ECTS credits 6,5
Assessement Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 5-9-2016 28-10-2016 X X
Level Advanced
Coordinator Tom van Veen
For more information: t.vanveen@maastrichtuniversity.nl
Language of instruction English
Goals
Description
This course aims at deepening the students knowledge of the relation between monetary and real phenomena in an economy. Both theoretical, institutional and practical issues are addressed. The following topics are analysed in particular: - Money in a general equilibrium framework: why does money exist in an economy and how does it effect the dynamic behaviour of that economy? - Theory of monetary (stabilisation) policy: what are the transmission channels between the monetary and the real sphere of the economy and how effective is monetary policy under various conditions? - Dynamics of monetary policy: what is the optimal form of monetary policy (rules or discretion) and does this depend on rational expectations? - The position and policy implementation of the ECB (also visit the ECB). All topics will consistently be related to European Monetary Policy.
Literature
Selected chapters form Carlin and Soskice (2007), Macroeconomics: Imperfections, Institutions and Policies, Oxford University Press. And a number of relevant articles.
Prerequisites
Teaching methods PBL / Presentation / Lecture / Papers / Groupwork
Assessment methods Final Paper / Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Econometrics and OR Other Electives
Master Financial Economics Asset Pricing
Master Financial Economics Banking
Master Financial Economics Financial Analysis
Master Fiscale Economie Economics Electives
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses