Economic Policy  SS 2016  

Lecturer: Prof. Dr. Gunther Schnabl
Tutor: Sophia Latsos
Start: 5.4.2015
Date: Tuesday, 15:15 Uhr - 16:45  and 17:00 - 18.30 (see schedule below)
Room for 15.15 lectures: Seminar room 12 (I215), institute building
Room for 17.00 lectures: Seminar room SR 5
Language: English

Objectives
This course is on economic policy in theory and practice with a focus on financial-crisis related economic policy issues in both the advanced and emerging market economies. We discuss topics such as fiscal demand stimulus, the link between monetary policy and credit booms, problems of debt sustainability and liquidation as well as international aspects of the recent crisis and economic policy responses.

Main Text
Bénassy-Quéré et al., Economic Policy: Theory and Practice, Oxford University Press, 2010.

Requirements
This course is part of the module International Economic Policy. Besides this course the module comprises a class in European Integration as well as a seminar. Grading will be based on an exam covering the two courses worth two-thirds of your grade. For the seminar you will write a paper on Zero Interest Rate Policy and Economic Order worth one-third of your final grade.

Contents and Slides

1. Market Failure05.04.2016
2.Keynesian Demand Stimulus12.04.2016
3.Time Inconsistency and Rules in Economic Policy, 17.0012.04.2016
4.Monetary Policy and Credit Cycles03.05.2016
5.Asymmetric Monetary Policy and Financial Instability, 17.0003.05.2016
6.Fiscal Implications of Asymmetric Monetary Policy10.05.2016
7.International Implications of Low Interest Rate Policies17.05.2016
8.Sterilization of Surplus Liquidity in Emerging Markets, 17.0017.05.2016
9.Global Imbalances07.06.2016
10.Intra-European Imbalances, 17.0007.06.2016
11.Financial Repression14.06.2016
Guest Speaker: William White, OECD, The Impact of the Ultra-Easy Money Experiment on the Economic Order, 18.00, Albertina20.06.2016
12.Long-term Implications of Low Interest Rate Policies28.06.2016
Questions and Answers, 17.0028.06.2016
Written Examination (09.00 - 10.30, SR1)(Sample Exam)22.07.2016

letzte Änderung: 30.06.2016