Mar 28, 2024  
2013-14 Graduate Catalog 
    
2013-14 Graduate Catalog [ARCHIVED CATALOG]

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ECON 7720 - Advanced Monetary Economics II

3 credit hours
Prerequisite: Student must have passed Ph.D. qualifying exams in microeconomics and macroeconomics. Introduction to leading theories in monetary economics including measurement of the empirical impact of monetary shocks on real activity, money in the utility function and cash-in-advance models, and New Keynesian models featuring sluggish price and wage adjustment. Emphasis on the analysis of interest rate rules and the conduct of optimal monetary policy under commitment and discretion. Frequent use of numerical dynamic programming and empirical estimation of monetary models allows students to enhance skills necessary to conduct independent research in the field.


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