Selected course of the Kiel Institute Advanced Studies Program "Monetary Policy: Theory and Practice"

Monetary Theory and Policy - Simon Gilchrist (Boston University and NBER) This course examines theoretical foundations of New Keynesian Models and their implications for the conduct of monetary policy. The course emphasizes empirically relevant models that are suitable for policy analysis. The course also highlights recent policy issues including the conduct of scal and monetary policy at the zero lower bound, and the conduct of monetary policy in environments where nancial frictions distort real economic outcomes.