Universität Wien
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390040 UK PhD-VGSE: Monetary Theory and Policy (2012W)

5.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften
Continuous assessment of course work

For further information see http://homepage.univie.ac.at/gerhard.sorger/teaching.html

Details

max. 24 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 16.10. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 23.10. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 30.10. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 06.11. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 13.11. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 20.11. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 27.11. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 08.01. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 15.01. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)
  • Tuesday 22.01. 13:45 - 16:00 (Seminarraum 2, Maria-Theresien-Str.3/Mezzanin, 1090 Wien)

Information

Aims, contents and method of the course

Syllabus
1. Search-theoretic models of money [KW1993, LW2005, NR2011]
2. The infinite-horizon model with money and flexible prices [Wa2003 chapters 2.1-2.3 and 3.3, G2008 chapter 2, BF1989 chapter 4.5]
3. Nominal rigidity [Wa2003 chapters 5.3.2-5.3.3, Wo2003 chapter 3, BF1989 chapter 8]
4. A New Keynesian model [Wa2003 chapters 5.4 and 11, G2008 chapters 3 and 4, CGG1999]
5. Dynamic inconsistency of monetary policy [Wa2003 chapter 8, G2008 chapter 5, CGG1999]

Assessment and permitted materials

Minimum requirements and assessment criteria

Examination topics

Reading list

[BF1989] O.J. Blanchard, S. Fischer: Lectures on Macroeconomics, MIT Press 1989.
[CGG1999] R. Clarida, J. Gali, M. Gertler: "The Science of Monetary Policy: a New Keynesian Perspective", Journal of Economic Literature 37 (1999), 161-1707.
[G2008] J. Gali: Monetary Policy, Inflation, and the Business Cycle, Princeton University Press 2008.
[KW1993] N. Kiyotaki, R. Wright: "A search-theoretic approach to monetary economics", American Economic Review 83 (1993), 63-77.
[LW2005] R. Lagos, R. Wright: "A unified framework for monetary theory and policy analysis", Journal of Political Economy 113 (2005), 463-483.
[NR2011] E. Nosal, G. Rocheteau: Money, Payments, and Liquidity, MIT Press 2011.
[Wa2003] C. Walsh: Monetary Theory and Policy, 2nd ed., MIT Press 2003.
[Wo2003] M. Woodford: Interest and Prices, Princeton University Press 2003.

Association in the course directory

Last modified: Mo 07.09.2020 15:46