Subject
Economy
Program
Master of Science (MSc)
Location
Côte-des-Neiges
Instruction mode
Credits
3
Description
This course presents modern macroeconomic theories aiming to price financial assets and to explain the effects of monetary policy on inflation and economic activity.
First, the course allows to study the determination of consumption, investment and asset prices in dynamic general equilibrium models. Second, this class of model is enriched to include nominal rigidities in order to study the effects of conventional and unconventional monetary policies on inflation, employment, and production.
Themes covered
1.Empirical Evaluation of the Effects of Macroeconomic Shocks
2.Consumption and Saving
3.Rational Expectations
4.Asset Pricing
5.Investment Theory
6.Solving Dynamic Models with Rational Expectations
7.Classical Monetary Models
8.Nominal Rigidities
9.Inflation and Monetary Policy
10.New Keynesian Models
11.Optimal Monetary Policies
Important notes
Course in French : ECON 60820