Skip to main content
Skip header

Monetary Theory and Policy

Summary

The course is focused on key areas of present monetary economy and policy. It presents and compares types of money demand and supply, including implications for different strategies of monetary policy, explains approaches of the theory of money impact and monetary processes on price level, inflation, product and other macroeconomics variables. In this course the process of monetary policy, objectives, instruments and transmission mechanisms of central bank´s monetary policy is analysed.

The global financial crisis 2007-2009 has led to changes in the structure of the financial and international monetary systems. This events caused changes in the way central banks operate, as well. The course provides practical implications of the global financial crisis in contemporary monetary theory and policy.

Literature

MISHKIN, F. S. The Economics of Money, Banking, and Financial Markets. 10th ed. Pearson Education, 2013. ISBN 978-0-13-277024-8 .

Advised literature

HUBBARD, G. R. and A. P. O´BRIEN. Money, Banking, ang the FinancialSystem. 2nd ed. PrenticeHall, 2013. ISBN 978-0-132-99491-0 .

MISHKIN, F. S. Monetary Policy Strategy. Cambridge: MIT Press, 2007. ISBN 978-0-262-13482-8.

WALSH, C. E. Monetary Theory and Policy. 3rd ed. Cambridge: MIT Press, 2010. ISBN 978-02-6201-377-2.


Language of instruction angličtina, angličtina, angličtina, angličtina
Code 154-0548
Abbreviation MTP
Course title Monetary Theory and Policy
Coordinating department Department of Finance
Course coordinator prof. Ing. Lumír Kulhánek, CSc.