Students should be acquainted with basic knowledge of economics.
Students learn the main economic institutions that govern the Eurozone and how they relate to comparable institutions of other monetary areas. The various objectives of each institution and how they may interact, the economic instruments that institutions can rely on, and how instruments have actually been used to put into action economic decisions will be at the centre of the course.
Specific events and issues, like great recession, sovereign debt crisis, brexit, deflationary risks and financial stability, will be used to study how institutions have changed in the recent years as well as to highlight differences in policy implementations.
By the end of the course students will have also learnt the scales of the phenomena and will also be able to use official statistics websites and publications to find relevant datasets and economic data.
-Institutions in complete and incomplete monetary unions.
-Fiscal policy institutions in the EU and how they changed during the great recession.
-Monetary policy institutions in the Eurozone and US.
-Financial stability and institutions in the Eurozone.
-How fiscal, monetary and financial institutions reacted to the great recession: a cross country-cross institutions comparison.
-Brexit and its consequences.
- Paul De Grauwe Economics of Monetary Union, Oxford University Press. 12th edition, 2018
- Journal papers and institutional reports will be made available during the course.
Though lectures will be the main teaching method, students will be substantially involved and will be asked to prepare in depth analysis on specific topics that will be regarded as integral part of program. Each presentation will include a data analysis and will be followed by a discussion in the class. Own presentations as well as the participation, in the class, to others' presentations will be assessed.
Slides and other lecture material (papers and articles) will be available in the moodle page as well as the reading lists for the topics.
70% based on a written exam with essay-like questions.
30% based on the presentation and participation to discussion