390006 SE PhD-VGSE: Disciplining or Protecting Bankers? Theory and Evidence (2017W)

Aims: Students become familiar with several classes of models that are used in monetary economics and learn how to use them in their own research.

Contents: The course covers some macroeconomic models in which money plays an essential role in the sense that without money trade is not possible at all or that the introduction of money leads to Pareto superior outcomes. These are overlapping generations models with money and monetary search models.

Methods: In the first half of the course, the lecturer presents a number of models and their applications. In the second half, the students choose relevant chapters from the textbook or journal articles and present them in class.