After successful completion of the course, students are able to...

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.

After successful completion of the course, students are able to:

• 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.

• Monetary policy
• Fiscal policy
• Monetary and fiscal policy interaction

• Guidelines to prepare the presentation and thesis;
• Occasional workshop meetings to give feedback on drafts, open questions etc;
• LaTeX template to practice scientific word processing;
• Individual feedback upon demand.

Presentation and seminar thesis.

• 105.606 Macroeconomics for WM (VO)
• 105.605 Microeconomics for WM (VO)
• 105.690 Advanced Macroeconomics (VO)