Angewandte VWL: Übung: Monetary Policy in the Euro Area

Dozent/in:

Naira Kotb

Angaben:

Übung, 2 SWS

Termine:

Do, 8:00 - 10:00, Online-Meeting
Introductory meeting: Thursday April 22, 2021 at 8.00h a.m.

Inhalt:

Learning Outcomes: The main objective of this course is to extend the students’ knowledge of monetary theory and how monetary policy is conducted in the euro area. Content: After a brief discussion of the history of the European Economic and Monetary Union (EMU) and the structure and objectives of the Eurosystem the money creation process in a monetary economy is discussed in detail. The main transmission channels of monetary policy in closed and open economies, as well as the main monetary policy strategies and the rules vs. discretion debate are then addressed. How the ECB implements its monetary policy in the financial markets in normal as well as in crisis times is discussed as next. Finally, the one-size-fits-all problem of the European Central Bank, as well as the conduct of macroprudential policy in the euro area are also treated.

V/S: Angewandte Wirtschaftsforschung 3: Übung zu Financial Macroeconomics

Dozent/in:

Naira Kotb

Angaben:

Übung, 2 SWS

Termine:

Do, 14:00 - 16:00, Online-Meeting
Introductory meeting: Thursday April 22, 2021 at 14.00h.

Inhalt:

This course handles key concepts in financial macroeconomics such as asymmetric information, credit rationing, the role of collateral requirements for aggregate credit dynamics, and the financial accelerator mechanism at an advanced level. After an extensive discussion of the problems resulting from asymmetric information in the financial markets, the inclusion of these problems and their solutions in small- and medium-scale macroeconomic models is treated. The conduct of conventional and unconventional monetary policy in economies with modern financial systems is then investigated. Time permitting, issues like cross-border banking, banking crises and sovereign default might be handled as well.