Monetary Economics

Recommended Prerequisites

Microeconomics and Macroeconomics

Teaching Methods

Theoretical lectures expose concepts, theories, and models.

Practical lectures carried out exercises on economic models and used case studies to analyze the execution of monetary policy.

Learning Outcomes

Objectives

1. Present the theoretical foundations of monetary economics

2. Analysis of monetary markets

3. Present the main channels of the monetary transmission mechanism

4. Present the strengths and weaknesses of monetary policies used by Central Banks

5. Analysis of model's parameters uncertainty and policymaking under uncertainty

6. Analysis of the evolution of the economic state based on monetary models

Competencies

1. Characterize the disclosure of the preferences of the monetary policymaker

2. Present the main instruments of intervention in the monetary sector

3. Collect and process monetary information

4. Present, analyze, and interpret monetary data

5. Evaluate alternative macroeconomic scenarios

Work Placement(s)

No

Syllabus

1. Monetary and financial concepts and institutions

2. Money supply

3. Monetary theory

4. Interest rates

5. Foreign exchange-rate markets

6. Monetary unions

7. Central banking

8. Monetary policy in globalized economies

9. Financial stability

10. Controversial topics in monetary economics

Head Lecturer(s)

José Alberto Serra Ferreira Rodrigues Fuinhas

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

Cecchetti, Stephen G. and Schoenholtz, Kermit L., Money, Banking, and Financial Markets, 6th ed., McGraw-Hill Education, 2021.

Handa, Jagdish, Monetary Economics, Routledge, London, 2008.

Walsh, Carl E., Monetary theory and policy, 4th ed., The MIT Press, Cambridge, Massachusetts, 2017.