Seminar für Makroökonomie
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Introduction to liquidity trap economics

SUMMER TERM 2017

Blocked MSc-Course at LMU consisting of lectures and student presentations


Lecturer : Dr. Sebastian Watzka
Lectures: from 03.04.17 until 07.04.17, 10:00 - 12:00 AM, Main Building B 011
Tutorials for Student Presentations
: Saturday, 13 May 2017, 10.00 AM - 17:00 PM;  Main Building B 011

Course Outline:

1. Introduction (Motivation, liquidity trap in the General Theory, recent developments in industrialised economies)

2. Liquidity Trap in modern style New Keynesian DSGE models

3. Computational issues and empirical testing

Aims:

Introducing students to recent developments in monetary economics, and in particular to issues related to liquidity trap and implications for monetary and fiscal policies.

Selected topics: Liquidity trap, Zero Lower Bound, unconventional monetary policy, inflation expectations, depression economics

Selected Literature:

- David Romer, Short-Run Fluctuations, Manuscript University of California, Berkeley, in particular Chapter IV, http://eml.berkeley.edu/~dromer/papers/Romer%20Short-Run%20Fluctuations%20January%202012.pdf

- PLUS course reading list in separate pdf

IMPORTANT NOTICE: Please note that students (i) will be required to submit a seminar paper (Hausarbeit) and (ii) to give a short presentation (possibly in groups) on Saturday, 13 May 2017. The modalities for the seminar paper and the presentations will be given in the lectures.

READING LIST

INFORMATION FOR PRESENTATIONS




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