Monetary Economics (QEM)

We will introduce standard models used at central banks and academia to study business cycle dynamics and monetary policy issues. First, standard ways of introducing money into general equilibrium models will be studied. Next, the sticky price new Keynesian model will be introduced. Apart from learning their features the models will be used to study most important issues in monetary economics, e.g. the optimal rate of inflation or the zero lower bound problem.

The objective is to make students acquainted with the state of the art way of modeling monetary economies and monetary policy. In particular general equilibrium business cycle models used at central banks and academia will be introduced, derived and applied.

Literatura podstawowa:

Walsh,C.E. 2010, Monetary Theory and Policy, 3rd ed, MIT Press.

Literatura uzupełniająca:

Gali, J. 2008, Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

ocena z ćwiczeń: 10.00%

inne: 40.00%

We will introduce standard models used at central banks and academia to study business cycle dynamics and monetary policy issues. First, standard ways of introducing money into general equilibrium models will be studied. Next, the sticky price new Keynesian model will be introduced. Apart from learning their features the models will be used to study most important issues in monetary economics, e.g. the optimal rate of inflation or the zero lower bound problem.

The objective is to make students acquainted with the state of the art way of modeling monetary economies and monetary policy. In particular general equilibrium business cycle models used at central banks and academia will be introduced, derived and applied.

Literatura podstawowa:

Walsh,C.E. 2010, Monetary Theory and Policy, 3rd ed, MIT Press.

Literatura uzupełniająca:

Gali, J. 2008, Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

ocena z ćwiczeń: 10.00%

inne: 40.00%

We will introduce standard models used at central banks and academia to study business cycle dynamics and monetary policy issues. First, standard ways of introducing money into general equilibrium models will be studied. Next, the sticky price new Keynesian model will be introduced. Apart from learning their features the models will be used to study most important issues in monetary economics, e.g. the optimal rate of inflation or the zero lower bound problem.

The objective is to make students acquainted with the state of the art way of modeling monetary economies and monetary policy. In particular general equilibrium business cycle models used at central banks and academia will be introduced, derived and applied.

Literatura podstawowa:

Walsh,C.E. 2010, Monetary Theory and Policy, 3rd ed, MIT Press.

Literatura uzupełniająca:

Gali, J. 2008, Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

ocena z ćwiczeń: 10.00%

inne: 40.00%

We will introduce standard models used at central banks and academia to study business cycle dynamics and monetary policy issues. First, standard ways of introducing money into general equilibrium models will be studied. Next, the sticky price new Keynesian model will be introduced. Apart from learning their features the models will be used to study most important issues in monetary economics, e.g. the optimal rate of inflation or the zero lower bound problem.

The objective is to make students acquainted with the state of the art way of modeling monetary economies and monetary policy. In particular general equilibrium business cycle models used at central banks and academia will be introduced, derived and applied.

Literatura podstawowa:

Walsh,C.E. 2010, Monetary Theory and Policy, 3rd ed, MIT Press.

Literatura uzupełniająca:

Gali, J. 2008, Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press.

Kryteria oceniania:

egzamin tradycyjny-pisemny: 50.00%

ocena z ćwiczeń: 10.00%

inne: 40.00%