Economics - M - Macroeconomic Dynamics and Optimal Monetary Policy


General information

Course name Macroeconomic Dynamics and Optimal Monetary Policy
Course type Lecture and Tutorial
Course code VWL-MaGr-MaDy
Course coordinator Prof. Dr. Hans-Werner Wohltmann
Faculty Faculty of Business, Economics and Social Sciences
Examination office Prüfungsamt der Wirtschafts- und Sozialwissenschaftlichen Fakultät
Short summary Overview of various transmission channel of monetary policy interventions

Information about study level

Study level Master
Also possible for

Information about credit points, evaluation and frequency

Evaluation Written exam
Frequency Summer term

Information about teaching language

Teaching language English
Minimum language requirement  
Further information on the teaching language  

Information about requirements

Recommended requirements Expert knowledge of macroeconomic theory, mathematics (for economists) and microeconomic theory.

Information about course content, reading list and additional information

Course Content The goal is to analyze the optimal conduct of monetary policy in New Keynesian models. Students will study the concepts of optimal targeting rules (commitment, discretion) as well as of optimal instrument rules. From a more general perspective, students will learn about the solution of dynamic optimal control problems in models with forward-looking rational agents. The course may include practical computer exercises.
Reading list Will be made available
Additional information