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Monetary theory and policy

Monetary theory and policy
114-0460/01
čeština

Summary

The course if focused on key areas of contemporary monetary theory and policy. It presents and compares theories of money demand and supply, including implications for different strategies of monetary policy. It explains approaches to the impact of money and monetary processes on expectations, price level, inflation, product and other macroeconomics variables. Moreover, monetary policy process is deeply analyzed, monetary policy objectives, instruments and transmission channels of monetary policy decisions are studied. The course also provides overall summary of monetary policy evolution in the Czech Republic and in the world with attention to contemporary trends.

Literature

CECCHETTI, Stephen G. a Kermit L. SCHOENHOLTZ. Money, Banking, and Financial Markets. 6th ed. New York: McGraw-Hill Education, 2021. ISBN 978-1-260-22678-2.
MISHKIN. Frederic S. The Economics of Money, Banking, and Financial Markets. 12th ed. Harlow: Pearson Addison Wesley, 2019. ISBN 978-1-292-26885-9.
VALDEZ, Stephen and Philip MOLYNEUX. An Introduction to Global Financial Markets. London: Palgrave, 2016. ISBN 978-1-137-49755-0.

Advised literature

MOENJAK, Thammarak. Central Banking: Theory and Practice in Sustaining Monetary and Financial Stability. Singapore: Wiley, 2014. ISBN 978-1-118-83246-2.
MISHKIN, Frederic S. Monetary Policy Strategy. Massachusetts: MIT Press, 2009. ISBN 978-0-262-51337-1.
MISHKIN, Frederic and Stanley G. EAKINS. Financial Markets and Institutions. 9th ed. Harlow: Pearson Education Limited, 2018. ISBN 978-0-13-451926-5 .


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Language of instruction čeština
Code 114-0460
Abbreviation MTP
Course title Monetary theory and policy
Coordinating department Department of Economics
Course coordinator prof. Ing. Zuzana Kučerová, Ph.D.