363-1021-00L  Monetary Policy

SemesterHerbstsemester 2016
DozierendeJ.‑E. Sturm, D. Kaufmann
Periodizitätjährlich wiederkehrende Veranstaltung

KurzbeschreibungThe main aim of this course is to analyse the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals. It will focus on the transmission mechanisms of monetary policy and the differences between monetary policy rules and discretionary policy. It will also make connections between theoretical economic concepts and current real world issues.
LernzielThis lecture will introduce the fundamentals of monetary economics and explain the working and impact of monetary policy.
LiteraturThe course will be based on chapters of:
Mishkin, Frederic S. (2015), The Economics of Money, Banking and Financial Markets 11th edition, Pearson. ISBN 10: 1-29-209418-4 ISBN 13: 978-1-292-09418-2
Voraussetzungen / BesonderesBasic knowledge in international economics and a good background in macroeconomics. The course website can be found at: https://moodle-app2.let.ethz.ch/course/view.php?id=2457