Unconventional monetary policy: Theory and practice EC38037

Course information

This is a 5 credit course.

The course is organized in collaboration with CeMoF.

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 pdf, 115.5 kB. (115 Kb)

Course director

Ciaran Rogers