Part I. “Theory of Monetary Policy”
1. Central Bank and its aggressiveness, Taylor rule, Taylor principle, Time inconsistency of Monetary Policy
2. Monetary Policy regimes – its advantages and disadvantages
3. The transmission mechanisms of Monetary Policy
Part II. “Money and Monetary Policy”
4. Neutrality of Money
5. Money market gaps, relations of money and GDP
6. p*model
Part III. “Exchange rate and Monetary Policy”
7. Advanced theories of exchange rate determination
8. Theories and models of balanced exchange rates (BEER, DARER, NATREX)
9. Real appreciation in long run (empirical evidence, theoretical substantiation)
10. Tradable and non-tradable goods in exchange rate models, TNT model, Dutch disease
Part IV. “Contemporary tasks of Monetary Policy”
11. Monetary Policy and assets markets
12. Financial integration and monetary policy
13. Monetary policy and oil (commodities)
14. Unconventional Monetary Policy (Monetary Policy in low inflation periods)
1. Central Bank and its aggressiveness, Taylor rule, Taylor principle, Time inconsistency of Monetary Policy
2. Monetary Policy regimes – its advantages and disadvantages
3. The transmission mechanisms of Monetary Policy
Part II. “Money and Monetary Policy”
4. Neutrality of Money
5. Money market gaps, relations of money and GDP
6. p*model
Part III. “Exchange rate and Monetary Policy”
7. Advanced theories of exchange rate determination
8. Theories and models of balanced exchange rates (BEER, DARER, NATREX)
9. Real appreciation in long run (empirical evidence, theoretical substantiation)
10. Tradable and non-tradable goods in exchange rate models, TNT model, Dutch disease
Part IV. “Contemporary tasks of Monetary Policy”
11. Monetary Policy and assets markets
12. Financial integration and monetary policy
13. Monetary policy and oil (commodities)
14. Unconventional Monetary Policy (Monetary Policy in low inflation periods)