The aim is to bring students closer to the research frontier in monetary and fiscal policy. To this end, students will present a research paper in class and discuss the paper in a short seminar thesis.
Students that successfully passed this course can:
- list key issues and questions that are central to monetary and fiscal policy;
- critically assess the basic theoretical models in modern macroeconomics that try to explain the key empirical relationships;
- set-up DSGE models to analyse the relationships between macroeconomic key variables;
- apply the key methods used to solve DSGE models;
- analyze DSGE models, e.g., compare their equilibrium predictions to the data;
- assess monetary policy within DSGE models;
- present arguments based on theory, logic and factual data to other people;
- write a bachelor-thesis in macroeconomics.
