Stockholm university
Department of Economics

Unconventional monetary policy: Theory and practice EC38037, spring 2026

This is an optional course in the PhD programme in Economics, given at Stockholm University in collaboration with CeMoF.

 

Course information

This is a 5 credit course.

The course is organized in collaboration with CeMoF.

Course material will be available on the learning platform Athena.

Course description

This course will attempt to help students understand asset purchases as a monetary policy tool, both in theory and in practice.

It begins with introducing and describing the mechanics of asset purchases. It then moves towards illustrating how the literature incorporates this policy tool into otherwise standard models, exploring a variety of potential mechanisms for its transmission, and to what extent it holds up in the data.

It concludes with highlighting possible negative effects of asset purchases.

Syllabus

EC38037_Syllabus_2024 (115 Kb)

Course director

Ciaran Rogers

Last updated: October 17, 2025

Source: Department of Economics

On this page

Search among our courses and programmes

Last updated: September 9, 2025

Source: Department of Economics

Study at Stockholm University

Student support
Student health
Student life
IT for students
Careers
New in Sweden
How to apply
Exchange students
Top reasons to choose SU
Meet us
A smooth start
Go international
Degrees
Alumni

ourEducationsPageLayout

{
  "dimensions": [
    {
      "id": "department.categorydimension.subject",
      "name": "Global categories",
      "enumerable": true,
      "entities": [],
      "localizations": {}
    },
    {
      "id": "department.categorydimension.tag.Keywords",
      "name": "Keywords",
      "enumerable": false,
      "entities": [],
      "localizations": {}
    },
    {
      "id": "department.categorydimension.tag.Person",
      "name": "Person",
      "enumerable": false,
      "entities": [],
      "localizations": {}
    },
    {
      "id": "department.categorydimension.tag.Tag",
      "name": "Tag",
      "enumerable": false,
      "entities": [],
      "localizations": {}
    },
    {
      "id": "webb2021.categorydimension.Keyword",
      "name": "Keywords (Webb 2021)",
      "enumerable": false,
      "entities": [],
      "localizations": {}
    },
    {
      "id": "Nationalekonomiska.eng.lokala.kat",
      "name": "Lokala kategorier ENG Nationalekonomiska",
      "enumerable": true,
      "entities": [],
      "localizations": {}
    }
  ]
}