Angewandte VWL: Übung: Monetary Policy in the Euro Area

Dozent/in:

Samantha Coccia

Angaben:

Übung, 2 SWS

Termine:

Do, 10:00 - 12:00, F21/02.41
ab 5.5.2022

Inhalt:

This course focuses on the conduct of monetary policy in the euro area. After a brief overview of the recent macroeconomic development of the euro area, the money creation process and the traditional monetary policy transmission mechanisms are treated. The main monetary policy strategies available to central banks and how they are implemented as well as the time inconsistency problem are discussed. After highlighting the one-size-fits-all problem faced by the European Central Bank (ECB), the reaction of the latter during the 2012 euro area debt crisis and the recent implementation of macroprudential policies are discussed in detail.