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Monetary Economics

Monetary Economics
156-0577/01
angličtina Monetary Economics
156-0577/04
angličtina Monetary Economics
156-0577/03
angličtina Monetary Economics
156-0577/02
angličtina

Summary

Subject Monetary Economics provides information about contemporary monetary economics. First, there is explained what is the role of money in market economy, how does modern monetary system look like, what are conventional tools of monetary policy and how transmission mechanisms work. Next, the course deals with unconventional tools of monetary policy, seigniorage and independence and transparency of central banks. In addition, topics such as monetary policy regimes, monetary policy uncertainty, prices of assets a financial stability are discussed in this course. Moreover, there is discussion about monetary policy within and out of monetary union. Finally, we analyse models of monetary policy and discuss actual questions related with monetary policy of the Czech National Bank.

Literature

WALSH, C. E. Monetary Theory and Policy. 4th Ed. Cambridge: MIT Press, 2017. 661 s. ISBN: 978-0-262-03581-1.
MAHADEVA L., STERNE G. Monetary policy framework in a global context. London: Routledge, 2000. 688 s. ISBN: 0-415-22618-X .

Advised literature

O'BRIEN, D. P. The development of monetary economics: a modern perspective on monetary controversies. Cheltenham: Edward Elgar Publishing, 2007. 265 s. ISBN: 978-1-84720-260-4 .
CLAASSEN, E.-M. Global monetary Economics. Oxford University Press, 1996. 323 s. ISBN: 0-19-877464-8 .


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Language of instruction angličtina, angličtina, angličtina, angličtina
Code 156-0577
Abbreviation MOE
Course title Monetary Economics
Coordinating department Department of Applied Economics
Course coordinator prof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.