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課程名稱 |
貨幣理論與政策一
Monetary Theory and Policy (Ⅰ) |
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開課學期 |
112-2 |
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授課對象 |
社會科學院 經濟學研究所 |
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授課教師 |
陳南光 |
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課號 |
ECON7109 |
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課程識別碼 |
323 M1150 |
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班次 |
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學分 |
3.0 |
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全/半年 |
半年 |
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必/選修 |
選修 |
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上課時間 |
星期五2,3,4(9:10~12:10) |
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上課地點 |
社科研608 |
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備註 |
限碩士班以上 或 限博士班
總人數上限：15人 |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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為確保您我的權利,請尊重智慧財產權及不得非法影印
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課程概述 |
Course Outline
1. Financial Frictions and Business Fluctuations
2. Asset Prices, Borrowing Constraints, and Aggregate Fluctuations
3. Monetary Transmission Mechanisms (balance sheet channel, bank lending channel, risk-taking channel)
4. Models of Bank Runs
5. Monetary Policy and Financial Stability |
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課程目標 |
This course focuses on the role of financial frictions in macroeconomic and monetary theories. Financial frictions arises from problems related to asymmetric information (adverse selection and moral hazard) and limited commitment (limited enforcement). We will discuss how financial frictions affect borrowing capacities of borrowers, and the role of collateral value in amplifying propagating exogenous shocks to drive fluctuations of economic aggregates and asset prices. Moreover, we will discuss models in which financial shocks act as a source of business cycle fluctuations. Next we turn to empirical works on monetary transmission mechanisms, examining the credit channel and risk-taking channel. We then discuss models of bank runs that may occur due to weak bank balance sheet and asset fire sale. Finally, we study issues related to monetary policies and macro-prudential policies in mitigating business cycles as well as maintaining financial stability.
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課程要求 |
1. participation
2. home works; discuss a paper in class (the paper can be your own or from the syllabus).
3. term paper. |
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預期每週課後學習時數 |
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Office Hours |
每週五 11:00~12:00 |
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指定閱讀 |
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參考書目 |
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評量方式
(僅供參考) |
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