The seminar in economic policy takes place in the winter term.

Instructor: Tim Sepp, Prof. Dr. Gunther Schnabl
Date: 11.12.23, 13.12.23, 18.12.23
Room: S015
Grading: Term Paper (Guidelines)
Topic Allocation: via Email to Tim Sepp until October 20th
Deadline Term Paper: January 7th via Email to Tim Sepp.

Introduction: IntroducTory Readings
PDF 160 KB
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Seminar Content and Learning Objectives

The seminar analyses the interdependence of monetary tightening and structural reforms. Historically, phases of monetary easing have been followed by phases of monetary tightening. However, since the 1990s the dimension of monetary easing was larger than the dimension of monetary tightening, bringing interest rates to zero. With consumer price inflation having emerged, after almost a decade of zero interest rate policies coupled with quantitative easing, central banks have globally entered in a phase of monetary tightening. The aim of the seminar is to provide insights into the political economy of monetary tightening with a focus on necessary structural reforms.

 

 

Requirements and Evaluation

Students are required to attend the entire seminar, present their papers and actively participate in the discussions.

Seminar Topics

  Topics

1.

Monetary Tightening from a Keynesian and Austrian Perspective

2.

Monetary Tightening under the Gold Standard

3.

Monetary Policy in the US during the 1920s and the World Economic Crisis

4.

Paul Volcker’s Monetary Tightening and the Reaganomics

5.

Rethinking Monetary Policy: Quantitative Tightening after more than a Decade of Unconventional Monetary Policies

6.

The Current Monetary Tightening of Fed, BOE and ECB in Comparison

7.

Quantitative Easing versus Quantitative Tightening

8.

Monetary Policy Tightening and Financial Stability

9.

Monetary Policy Tightening and Fiscal Dominance: Need for Structural Reforms?

10.

Monetary Tightening and Structural Reforms in the Face of Capital Outflows in Emerging Markets

Seminar Dates

  Date Time

1.

11.12.2023

9:00 – 18:00

2.

13.12.2023

9:00 – 18:00

3.

18.12.2023

9:00 – 18:00

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