Not offered 2007-2008
ECON 453 Monetary Economics
This seminar investigates the theory and practice of monetary policy. Starting with classical views of the role of money, we explore the joint evolution of academic theories and policy implementations in the U.S. and abroad, culminating with the development of a contemporary micro-founded model for policy analysis. Particular focus will be given to a cross-country comparison of institutional frameworks for monetary policy. Econometric techniques for forecasting and policy evaluation will be developed. Readings will be drawn from academic papers and central bank publications.
Format: seminar. Requirements: class participation, several short writing assignments, midterm, final research paper.
Prerequisites: Economics 251, 252, 255 or equivalent credit. Enrollment limit: 19 (expected: 19). Preference will be given to senior Economics majors.