156-0913/02 – Monetary policy and external relations (MPVV)

Gurantor departmentDepartment of Applied EconomicsCredits10
Subject guarantorprof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.Subject version guarantorprof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
FOJ28 doc. Ing. Lenka Fojtíková, Ph.D.
KOM07 prof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.
KUL20 prof. Ing. Lumír Kulhánek, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

Aim of the course is to deepen knowledge about traditional both contemporary approaches to monetary theory and implications for monetary theory. The course is focused also on the comparison of monetary policy strategies, both conventional and unconventional forms of monetary policy. The subject deals also with knowledge about contemporary international economic relati

Teaching methods

Lectures
Individual consultations

Summary

1. Comparison of theoretical approaches to monetary theory. 2. Empirical evidence on money, process, and output. 3. Money and public finance. 4. Discretionary policy and time inconsistency. 5. New Keynesian monetary economics. 6. Unconventional forms of monetary policy. 7. Monetary policy in open economy. 8. International economic relations and international finance.

Compulsory literature:

MAHADEVA Lavan and Gabriel STERNE. Monetary Policy Framework in a Global Context. London: Routledge, 2000. 688 s. ISBN: 0-415-22618-X. PEARCE, Robert. The Development of International Business. Cheltenham: Edward Elgar Publishing, 2017. 168 s. ISBN: 978 1 78643 997 0. WALSH, Carl E. Monetary Theory and Policy. 4th Ed. Cambridge: MIT Press, 2017. 661 s. ISBN: 978-0-262-03581-1.

Recommended literature:

BERNANKE, Ben S. and Michael WOODFORD (Eds.) The Inflation-Targeting Debate. Chicago: University of Chicago Press, 2005. 458 s. ISBN: 0-226-04471-8. CLAASSEN, Emil-Maria. Global Monetary Economics. Oxford University Press, 1996. 323 s. ISBN: 0-19-877464-8. O'BRIEN, Denis P. The Development of Monetary Economics: A Modern Perspective on Monetary Controversies. Cheltenham: Edward Elgar Publishing, 2007. 265 s. ISBN: 978-1-84720-260-4.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

Konzultace v k tomu určených hodinách a po dohodě e-mailem. Kontakt s vyučujícím je zajištěn formou osobních konzultací.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Comparison of theoretical approaches to monetary theory. 2. Empirical evidence on money, process, and output. 3. Money and public finance. 4. Discretionary policy and time inconsistency. 5. New Keynesian monetary economics. 6. Unconventional forms of monetary policy. 7. Monetary policy in open economy. 8. International economic relations and international finance.

Conditions for subject completion

Part-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2020/2021 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2019/2020 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner