AØKK08098U Seminar: Advanced Monetary Macroeconomics (F)

Volume 2015/2016
Education

MSc of Economics

The course is a part of the financial line, signified by (F)

The seminar is primary for students at the MSc of Economics

Content

The aim of the seminar is to have students go into depth with recent research articles within the area of monetary macroeconomics. Students can do theoretical as well as empirically based work. It is a prerequisite to master good analytical skills and economic intuition.

Learning Outcome

A list of possible subjects is offered here. However, students are free to choose other subjects, or narrow/widen listed subjects in agreement with me.

  • Performance of monetary policy rules in a wide range of sticky-price models (this could foster use of numerical exercises)
  • Financial frictions and crises in macroeconomic models
  • Zero-lower-bound on nominal interest rates and the challenges it poses for policymaking
  • Fiscal stimulus: The way out of a financial crisis?
  • Numerical analyses of general equilibrium models of monetary policymaking (this can be done within a host of problems)
  • Monetary policy coordination or monetary unification?
  •  Financial crises and unconventional monetary policy
  • Inflation dynamics from a theoretical and empirical view: Evaluation of alternative theories and empirical findings
  • What should a central bank target?
  • Monetary policy and asset price fluctuations.

A book that signals the level and requirements, is Carl Walsh’s “Monetary Theory and Policy” (2010, The MIT Press), which is the core curriculum in the masters course “Monetary Economics: Macro Aspects”. Having followed the course is not a necessity, but knowing the curriculum is an advantage. See the course web page. (Also, having followed the summer course on “Theoretical and Empirical Foundations of DSGE Modelling” is a great starting point.)

A book that signals the level and requirements, is Carl Walsh’s “Monetary Theory and Policy” (2010, The MIT Press), which is the core curriculum in the masters course “Monetary Economics: Macro Aspects”. Having followed the course is not a necessity, but knowing the curriculum is an advantage. See the course description. Also, having followed the summer course on “Theoretical and Empirical Foundations of DSGE Modelling” is a great starting point.
The learning method is that students consult with the teacher during the semester prior to the mini-conference when needed.

Students write and hand in a seminar paper during the semester. All papers are presented and discussed at a mini conference on December 9-10 (full days), where each participant presents his/her paper for 40 minutes followed by a discussion by a discussant (15 minutes), and subsequently a general discussion.

Discussants will be assigned to the papers by the teacher, and every participant must submit three relevant questions on all papers to the teacher prior to the conference.


More information about seminars at
https:/​/​intranet.ku.dk/​economics_ma/​study_programme/​seminars/​Pages/​default.aspx
  • Category
  • Hours
  • Exam
  • 0,6
  • Project work
  • 200
  • Seminar
  • 6
  • Total
  • 206,6
Credit
7,5 ECTS
Type of assessment
Written assignment
Oral examination, 60 min under invigilation
A written seminar paper and a 40 minuts oral presentation for the others participans at the seminar and 15 minuts of discussion.
Exam registration requirements

Attendance on the seminar. The mandatory commitment paper and seminar paper have been handed in at deadline.

Aid
All aids allowed

Al aids for the written seminarpaper.

For the oral presentation: Informed by the teacher.

Marking scale
7-point grading scale
Censorship form
External censorship
up to 20 % censorship at the seminarpaper
Exam period

Students must submit a one-page proposal for their paper no later than October 9.

The final paper must be uploaded on November 25.

Presentation at a mini conference on December 9-10 (full days)

 

Re-exam

As ordinary.

Criteria for exam assesment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.