AØKK08098U Seminar: Advanced Monetary Macroeconomics (F)
The seminar is primarily for students at the MSc of Economics
The course is a part of the financial line, signified by (F)
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.
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
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?
Monetary and fiscal policy interactions
Numerical analyses of general equilibrium models of monetary policymaking (this can be done within a host of problems)
Empirical identification of monetary policy shocks
Monetary policy coordination or monetary unification?
Financial crises and unconventional monetary policy
Inflation dynamics – what drives inflation?
What should a central bank target?
The optimal rate of inflation
Monetary policy and asset price fluctuations
Monetary policy and the housing market
Students are free to, and must, choose relevant literature themselves for their projects. 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 Policy”. A 2017 edition of the book may be available from April and onwards.
• Kick off meeting: 7 September 2017, 13.15.
• Deadline for handing in commitment paper: October 1, 12.00
• Deadline for handling in final seminar paper in DE: November 14, 10.00
• Presentations/mini conference: November 23-24 (full days)
Supervision of students by appointment whenever necessary and wanted during the semester
Read about the study programme and curricula at MSc in Economics
- 7,5 ECTS
- Type of assessment
- Written assignment- a seminar paper in English that meets the formal requirements for written papers stated in the curriculum and at KUNet for seminars.
- Exam registration requirements
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
- Exam period
Deadline for submitting the seminar paper in DE: November 14, 2017 not later than 10.00
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course and the objectives stated in the Curriculum.
- Project work