Learning objectives
The course examines some topics in monetary economics and monetary policy. The students will be given the opportunity to understand the main phenomena related to both the financial and the credit market, and the causes underlying the main changes in the different activity yields. They will then judge the effectiveness of the various interventions the ECB and the Fed implemented to overcome the financial crisis and stabilize the real economy.
Course unit content
1)The Balance of Payment
2) Public dept and financial markets
3) Time inconsistency and monetary policy
4) The Consumption CAPM
5) Money demand
6) Interest rates
7 Credit market
8) ECB and Fed mometary policy
9) Exchange rate
Bibliography
1) De Arcangelis G. “Economia Internazionale”, Mc Graw-Hill,ed. 2013 chapters 3,4,5,6.1,6.2,6.3,6.4,9.3,10.1, 10.2
2) Blanchard O. “Scoprire la macroeconomia vol. 2”, Il Mulino, ed. 2011, , chapters 3.1, 3.2, 8
3) Blanchard O. “Scoprire la macroeconomia vol. 2”, Il Mulino, ed. 2003, , chapter 7.2
4) Blanchard O. e Fisher S. Lezioni di Macroeconomia, chapters 10.1.1 e 10.1.2
G.B.Pittaluga, “Economia Monetaria”, quarta edizione, Hoepli, 2012;
Dispense per il corso di Enonomia e politica monetaria - 2 modulo - a.a 2012/13
