Alexander Rathke: Catalogue data in Autumn Semester 2019

Name	Dr. Alexander Rathke
Address	KOF Konjunkturforschungsstelle ETH Zürich, LEE G 303 Leonhardstrasse 21 8092 Zürich SWITZERLAND
Telephone	+41 44 632 86 23
E-mail	rathke@kof.ethz.ch
Department	Management, Technology, and Economics
Relationship	Lecturer

Number	Title	ECTS	Hours	Lecturers
363-1021-00L	Monetary Policy	3 credits	2V	J.‑E. Sturm, A. Rathke
Abstract	The main aim of this course is to analyse the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals. It will focus on the transmission mechanisms of monetary policy and the differences between monetary policy rules and discretionary policy. It will also make connections between theoretical economic concepts and current real world issues.
Learning objective	This lecture will introduce the fundamentals of monetary economics and explain the working and impact of monetary policy.
Content	This lecture will introduce the fundamentals of monetary economics and explain the working and impact of monetary policy. The main aim of this course is to describe and analyze the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals. It will focus on the transmission mechanisms of monetary policy, the effectiveness of monetary policy actions, the differences between monetary policy rules and discretionary policy, as well as in institutional issues concerning central banks, transparency of monetary authorities and monetary policy in a monetary union framework. Moreover, we discuss the implementation of monetary policy in practice and the design of optimal policy.
Literature	The course will be based on chapters of: Mishkin, Frederic S. (2019), The Economics of Money, Banking and Financial Markets, 12th edition, Pearson. ISBN 9780134733821
Prerequisites / Notice	Basic knowledge in international economics and a good background in macroeconomics.