Advanced Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS

Termine:

Mo, 12:00 - 14:00, F21/03.83
Erster Termin: 27.04.2020

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i) developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

Angewandte VWL: Monetary Policy in the Euro Area

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS

Termine:

Di, 12:00 - 14:00, F21/02.18
Erster Termin: 28.04.2020

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.

Angewandte Wirtschaftsforschung 2: Computational Macroeconomics

Dozent/in:

Andrea Gurgone

Angaben:

Seminar, 2 SWS

Termine:

Mo, 10:00 - 12:00, RZ/00.07
Erster Termin: 27.04.2020

Voraussetzungen / Organisatorisches:

If you want to attend the course please send an E-Mail to andrea.gurgone@uni-bamberg.de before the starting date (27th April) in order to set-up Python on your computer. Accordingly you will receive the password for the course in Virtual Campus "Angewandte Wirtschaftsforschung 2: Computational Macroeconomics (SS 20). There you will find all further infos.

Inhalt:

The course aims to make students familiar with programming in a programming language commonly used in macroeconomics. In the first few session the programming syntax and basic building blocks that will be used later are introduced. Next, after students have obtained some programming skills, the focus turns to applying the learned programming techniques to macroeconomic problems. Students will then be asked to write and modify codes to e.g. solve macroeconomic models. Grades will be based on a final assignments, to be handed in after the end of the course.

Angewandte Wirtschaftsforschung 2: Übung zu Computational Macroeconomics

Dozent/in:

Andrea Gurgone

Angaben:

Übung, 2 SWS

Termine:

Do, 10:00 - 12:00, RZ/00.07
Erster Termin: 30.04.2020

Inhalt:

The course aims to make students familiar with programming in a programming language commonly used in macroeconomics. In the first few session the programming syntax and basic building blocks that will be used later are introduced. Next, after students have obtained some programming skills, the focus turns to applying the learned programming techniques to macroeconomic problems. Students will then be asked to write and modify codes to e.g. solve macroeconomic models. Grades will be based on a final assignments, to be handed in after the end of the course.

Diplomandenseminar

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung

Projektseminar: Current Issues on Growth, Development and Sustainability

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Time and Place: Introductory meeting: Tuesday, 29.04.2020, 11:00-12:00 on https://webconf.vc.dfn.de/uniba_s_gds/. Further meetings will be announced in due time.

Inhalt:

The seminar will be based on the e-books

• Baldwin, R. & B. Weder di Mauro (eds.), Economics in the Time of COVID-19. CEPR Press, VoxEU.org, 2020.
• Baldwin, R. & B. Weder di Mauro (eds.), Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes. CEPR Press, VoxEU.org, 2020.

The specific seminar topics will be discussed in the introductory meeting.

Übung A zu Advanced Macroeconomics

Dozent/in:

Juan Carlos Peña

Angaben:

Übung, 2 SWS

Termine:

Di, 10:00 - 12:00, F21/03.84
Erster Termin: 28.04.2020

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i) developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

Übung B zu Advanced Macroeconomics

Dozent/in:

Benjamin Lojak

Angaben:

Übung, 2 SWS

Termine:

Mi, 16:00 - 18:00, F21/03.84
Erster Termin: 29.04.2020

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i) developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

V/S: Angewandte Wirtschaftsforschung 3: Financial Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS

Termine:

Mi, 10:00 - 12:00, F21/02.55
Erster Termin: 29.04.2020

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.

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

Dozent/in:

Benjamin Lojak

Angaben:

Übung, 2 SWS

Termine:

Do, 14:00 - 16:00, F21/02.31
Erster Termin: 29.04.2020

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.