Monetary Theory and Policy - ECN 435

This course studies the effect of monetary variables on the economy. It emphasizes the role of the central bank in shaping economic conditions. Topics include demand and supply for money, nature of the Monetarist-Keynesian debate, the banking system, the transmission mechanism of monetary policy, theories of nominal rigidities and the Phillips curve, and coordination between monetary and fiscal policies. Prerequisites: ECN 211, ECN 212.