Vai al contenuto principale
Oggetto:

Monetary Economics II

Oggetto:

Monetary Economics II

Oggetto:

Academic year 2013/2014

Course ID
ECO0240
Teacher
Prof. Fabio Cesare Bagliano (Titolare del corso)
Degree course
Percorso generico
Year
2° anno
Teaching period
Primo semestre
Type
Di base
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/01 - economia politica
Delivery
Tradizionale
Language
Inglese
Attendance
Facoltativa
Type of examination
Scritto
Examination methods
There will be a written exam (lasting 90 minutes) at the end of the course, with formalized ans theoretical questions on the topics discussed in the lectures.
Prerequisites
The formal analysis of economic and financial models requires familiarity with the mathematical and statistical tools acquired in a suitable three-year undergraduate program. Moreover, a good knowledge of the contents of the Econometrics I and Econometrics II is an essential requirement for this course.
Course borrowed from
http://www.masters-economics.unito.it/do/corsi.pl/Show?_id=pnm0
Oggetto:

Sommario del corso

Oggetto:

Course objectives

The course deals with some key themes of modern monetary and financial economics, exploring both the relevant theory and the econometric techniques used in applied research. The aim of the course is to provide students with a deep and up-to-date knowledge of recent theoretical and empirical developments on each of the topics covered.

Oggetto:

Results of learning outcomes

During the course, students will learn how to apply economic concepts and methodologies to relevant issues in monetary and financial economics, related in particular to monetary policy implementation and effectiveness and to the analysis of interest rate determination.

Moreover, students will learn how to autonomously apply rigorous economic thinking with the support of quantitative methods, in order to formulate personal judgements on economic and financial developments and related policy issues.

Students will also learn how to effectively organize ideas both in written and oral form, possibly with the help of presentation of scientific papers during the course.

Overall, the course will enable students to understand some of the most recent developments in monetary economics and policy analysis and will be a suitable basis for further research work in the fields of applied monetary economics and financial economics.

Oggetto:

Program

The main topics are::
1. Monetary policy analysis with VAR models. Vector autoregressive (VAR) models are one of the main tools of applied econometric analysis in macroeconomics. In this course, we will introduce technical aspects of VAR modelling and apply them to the empirical analysis of the monetary policy transmission mechanism.
2. Empirical analysis of the term structure of interest rates. The study of the links between interest rates on bonds with different maturities is crucial for monetary policy and the analysis of financial markets. In this course, the main modelling techniques and empirical estimation and forecasting of the term structure of interest rates will be presented, in the perspective of the “expectations theory” of the term structure.
3. Financial returns, risk and consumption choices in a macroeconomic perspective. The analysis of financial returns, risk factors and the determinants of returns differentials among financial assets are key themes of the literature developed from the Consumption Capital Asset Pricing Model (CCAPM). Recent empirical studies provided evidence in contrast with the implications of the basic theory, motivating several extensions. In this course, both the basic models and more recent extensions will be presented, with a focus on the empirical methodology and results.

Suggested readings and bibliography

Oggetto:

The course is not based on a textbook. For each topic, lecture notes will be circulated and a set of readings (mostly drawn from scientific international journals) will be provided, containing the original presentations of the models discussed in the lectures.

A complete reading list (with access to papers and other resources) is available at:
http://web.econ.unito.it/bagliano/ecmon2_1314.html



Oggetto:

Note

Il Corso di Studio in senso proprio è quello visualizzato all’atto dell’accesso su Campusnet. Nella videata dell’insegnamento, è indicato impropriamente come “Corso di Studio” il/i percorso/i del Corso di Laurea in cui l’insegnamento stesso è inserito.
Oggetto:
Last update: 12/09/2014 16:13
Location: https://www.finance-insurance.unito.it/robots.html
Non cliccare qui!