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Root number
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10109 |
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Semester
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FS2023 |
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Type of course
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Lecture |
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Allocation to subject
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Economics |
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Type of exam
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not defined |
| Title |
Monetary Theory |
| Description |
The recent two decades have witnessed unprecedented central bank interventions around the world to avert the adverse consequences of the 2007-2008 Great Financial crisis and of the Covid-19 Global Lockdown shock. These crises are “testaments” to the effectiveness of monetary policy. This course provides with an understanding of how monetary policy works in a fiat currency system, starting from the control of the value of money to the stabilization of shocks and ending with the mitigation of depression-prone events. The first part presents a simple monetary model illustrating the three properties of money (unit of account, store of value and medium of exchange) and how central banks can control the value of money. The second part presents the New-Keynesian monetary model, mainly through a simple graphical representation, to study the stabilizing role that monetary policy plays when the economy is hit by standard shocks. The last part analyzes liquidity traps and discusses the ways that monetary policy can reflate the economy using forward guidance, unconventional asset purchases and helicopter money.
Readings: Benigno, Pierpaolo (2020), Lectures on Monetary Economics.
Language: English
Credits: 4 SWS / 6 ECTS
Evaluation: written exam in English
Lectures:
Tuesday, 16:15 - 18:00h, 105, H4
Wednesday, 14:15 - 16:00h, 105, H4
Exercises with assistant: Stefano Corbellini (stefano.corbellini@unibe.ch)
Please see syllabus!
1st Exam: Wednesday, May 31, 2023, 14:15 -15.55h, 105, H4
2nd Exam: Wednesday, September 13, 2023, 14:15 - 15:55h, 206, H4 |
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ILIAS-Link (Learning resource for course)
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No registration/deregistration in CTS (Admission in ILIAS possible).
ILIAS
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Link to another web site
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| Lecturers |
Prof. Dr.
Pierpaolo Benigno, Department of Economics ✉
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ECTS
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6 |
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Recognition as optional course possible
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No |
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Grading
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1 to 6 |
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| Dates |
Tuesday 16:15-18:00 Weekly
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Wednesday 14:15-16:00 Weekly
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Wednesday 13/9/2023 14:15-16:00
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| Rooms |
Seminarraum 105, Hauptgebäude H4
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| External rooms |
206, H4
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| Students please consult the detailed view for complete information on dates, rooms and planned podcasts. |
User:
Öffentlicher Bereich
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