2009-08-17–2009-08-21 - Gerzensee, Study Center Gerzensee (Switzerland) - Study Center Gerzensee, Swiss National Bank
The course will review the foundations of the new neoclassical synthesis (new Keynesian) model of monetary policy, and the nature of welfare-maximizing interest rate policy in the new synthesis model. It will address the determination of the exchange rate, the trade balance, international...