Behzad Diba
Fiscal and Monetary Policies
General Information
ECTS: 4.5
EVUB-Nr. S3167
Teaching Language: English
Syllabus
Class Schedule
The
class
time
is
9-12
on
the
following
dates.
April 18
April 25
April 26 (Thursday)
May 2
May 9
May 10 (Thursday)
May 16
May 23
Lecture Notes
Background
Cash in advance
Unpleasant
monetarist arithmetic
Perspectives
and
outlook
Nominal
anchor
The fiscal
theory of the price level
Fiscal
limits and default
Stabilization Policy
New
Keynesian Models
Readings
Chapter Handbook of
Monetary Economics
Alesina
& Perotti (1996)
Auerbach
(2011)
IMF: Fiscal
Consolidation
Obstfeld
(2011)
Reinhart &
Rogoff (2011) "A Decade of Debt"
Reinhart
&
Rogoff (2011) "From Financial Crash to Debt Crisis" (AER)
Alesina
& Ardagna (2009)
Reinhart
& Rogoff (2010) "Growth in a Time of Debt" (AER)
Leeper
(2010) "How Fiscal Policy can Undermine good Monetary Policy"
Leeper
(2010)
"Monetary Science, Fiscal Alchemy"
Benigno (2009) "New
Keynesian Economics: An AS-AD View"
Mishkin
(2010) "Monetary Policy Strategy:Lessons from the Crisis"
Answers
to Assignment on Benigno (2009) Model
In addition to the course
work (to be evaluated graded with a final
exam), the students will have to write and present a short report on a
relevant topic. The dates for the presentations will be announced in
due time.
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