Modern Monetary Policy

Dr. Paweł Baranowski (30 hours)


Lecture notes

  • Introduction and organisation of the course

  • Lecture 1 - Inflation, MP strategies

  • Lecture 2 - MP intruments and MP transmission mechanism

  • Lecture 3 - Rules vs. discrection

  • Lecture 4 - How CB sets its interest rates? (the last part to be completed)

  • Lecture 5 & 6 - No lecture notes. What other (than inflation) economic variables does CB monitor and why? Workshop: an analysis of the Inflation Report?

  • Lecture 7 - Dynamic Neoclassical Model

  • Lecture 8 & 9 - New Keynesian Model (to be completed)

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    Other

  • Useful terms... (a refresher of a macro- course)

  • ECB monetary policy decisions - webcasts
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  • A fragment of an useful book... (Lecture 2 and 4 - zero bound)
  • Disantvantages of using econometric models for 'optimising' monetary policy... (form a book of Alan Blinder...)


    • Practical_1.xls Practical_2.xls ch07.ppt ch08.ppt