This course covers a range of theoretical and applied issues bearing on monetary policy as conducted in the U.S. and abroad. Topics to be discussed include: What causes inflation? What are the channels through which monetary policy affects the economy? Why should central banks commit to policy rules? How do exchange rates respond to monetary policy? How did the gold standard work? And will cryptocurrencies replace the dollar? In addition, we will develop and learn how to simulate the “New Keynesian” macroeconomic model, which has become the standard framework for monetary policy analysis for central banks around the world.
The Class: Type: lecture
Requirements/Evaluation: at least one exam, a research paper and a class presentation
Extra Info: not available for the fifth course option
Prerequisites: ECON 252 and 255. Multivariate calculus (MATH 150 or 151) is recommended but not required
Enrollment Preference: junior and senior Economics majors
Distributions: Division II; Quantative/Formal Reasoning;
Attributes: GBST Economic Development Studies Electives; POEC International Political Economy Courses;