Programme

1. Money and the financial markets
2. The demand for money
3. The supply of money
4. Money, prices, and output
5. The transmission channels of monetary policy
6. The Taylor rule and the inflation targeting

Core Documentation

Arcelli M. (2007), L’economia monetaria e la politica monetaria dell’Unione Europea, Cedam

Levrero E.S. (2023), Slides and supplementary notes on monetary economics

Attendance

There is no obligation to attend

Type of evaluation

The written test consists of 6 questions, two relating to the institutional part of the course on the functions of money and the instruments of monetary policy, three questions with a short answer on the theoretical part and one question on a topic of the program to be answered in more depth . Passing the written test is a prerequisite for admission to the final evaluation.