Advanced Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS, ECTS: 6

Termine:

Mo, 12:00 - 14:00, FG1/00.08
ab 2.5.2022

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 policy-making, in particular regarding the proper design of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth. The second part of the course deals in more detail with several macroeconomic models based on intertemporal optimization along the New Neoclassical Consensus approach. 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, ECTS: 6

Termine:

Di, 12:00 - 14:00, F21/02.18
ab 3.5.2022

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.

Diplomandenseminar

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung Ort und Zeit nach Vereinbarung

S: Projektseminar: Current Topics in Growth, Development and Sustainability

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS, ECTS: 6

Termine:

Einzeltermin am 3.5.2022, 11:00 - 11:30, F21/03.81
Einzeltermin am 15.7.2022, 14:00 - 16:00, Online-Meeting
Introductory meeting: May 03,2022 at 11.00h. Further meetings will be announced in due time.

Inhalt:

Topic: The COVID-19 Crisis in the Developing World
The seminar will be based on the e-book: Djankov, S. & U. Panizza (eds.), COVID-19 in Developing Economies. CEPR Press, VoxEU.org, 2020.

V/S: Angewandte Wirtschaftsforschung 3: Financial Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS, ECTS: 6

Termine:

Mi, 12:00 - 14:00, FG1/00.08
Einzeltermin am 6.7.2022, 12:00 - 14:00, F21/03.01
ab 4.5.2022

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.