Terminated in academic year 2020/2021

Monetary Economics

Type of study	Follow-up Master
Language of instruction	English
Code	156-0577/02
Abbreviation	MOE
Course title	Monetary Economics
Credits	3
Coordinating department	Department of Applied Economics
Course coordinator	prof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.

Subject syllabus

1. The role of money in economy
2. The nature of modern monetary system
3. Conventional monetary policy
4. Monetary policy transmission
5. Unconventional monetary policy
6. Seigniorage and the fiscal dominance problem
7. Central bank‘s independence, transparency and accountability
8. Monetary policy regimes (inflation targeting, monetary targeting, exchange rate targeting)
9. Monetary policy and exchange rates
10. Monetary policy under uncertainty
11. Monetary policy, asset prices and financial stability
12. Monetary policy inside/outside the monetary union
13. Models for monetary policy analysis
14. 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. .

Advised literature

O'BRIEN, D. P. The development of monetary economics: a modern perspective on monetary controversies. Cheltenham: Edward Elgar Publishing, 2007. 265 s. .
CLAASSEN, E.-M. Global monetary Economics. Oxford University Press, 1996. 323 s. .

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