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MONETARY POLICY MODELS AND STRATEGIES
20-hour master's level course taught in French at Ensae (2006-present)
General presentation
General introduction
Lecture 1: general introduction
Part A: DSGE models for monetary policy
Chapter I: general considerations
Lecture 2: presentation
Lecture 3: resolution, calibration, estimation
Chapter II: the New Keynesian model
Lecture 4: presentation
Lecture 5: inflation and stabilisation biases
Lecture 6: interest-rate rules
Lecture 7: monetary policy and deflation
Lecture 8: extensions
Part B: two monetary policy strategies
Chapter III: inflation-targeting strategy
Lecture 9: presentation
Lecture 10: monetary policy transparency
Lecture 11: monetary policy assumption in the projections
Chapter IV: ECB's strategy
Lecture 12: presentation
Lecture 13: monetary policy and asset prices
Lecture 14: monetary policy stance indicators
Lecture 15: panel discussion and press conference
General conclusion
Lecture 16: general conclusion
References
Exams
2007 exam
2008 exam
ECONOMICS OF EUROPEAN INTEGRATION, PART ONE: MONETARY AND FINANCIAL ASPECTS
39-hour master's level course taught in English at the Université de Paris 1 Panthéon-Sorbonne (2003-2006)
General presentation
General introduction
Chapter I: the road to EMU
Bretton Woods (1944-1972)
The snake in the tunnel (1972-1979)
The EMS (1979-1993)
From the EMS to EMU (1993-1999)
Chapter II: is EMU an Optimal Currency Area?
The benefits of a currency area
The costs of a currency area
The OCA criteria
Is EMU an OCA?
Will EMU become an OCA?
Chapter III: monetary policy in EMU
Monetary policy in theory
Monetary policy in the Maastricht Treaty
Monetary policy in practice
Chapter IV: fiscal policy in EMU
National fiscal policy
Fiscal policy externalities
The Stability and Growth Pact
Chapter V: goods, labour and financial markets in EMU
Goods markets in EMU
Labour markets in EMU
Financial markets in EMU
Chapter VI: EMU and the world economy
What international role for the euro?
Will the UK ever join EMU?
General conclusion
Exams
Example No. 1
Example No. 2
Jan. 2004 exam
Sep. 2004 exam
Jan. 2005 exam
Sep. 2005 exam
Jan. 2006 exam
Sep. 2006 exam
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