<p>Lecture, three hours. Recent theoretical and empirical research on monetary policy. Includes issues such as how monetary policy is implemented in practice. What are effects of different monetary policy tools, what restrictions on government does monetary policy impose, transmission mechanisms of monetary policy, welfare costs of inflation, how does monetary policy interact with credit markets and how does it affect asset prices. S/U or letter grading.</p>

Economics

Combining rigorous, inclusive pedagogy with opportunities for co-curricular activities—including research, internships, and community engagement—the College provides students with diverse learning experiences that helps them thrive, become critical thinkers, and transform society.

College of Letters and Science

The department conducts cutting-edge research by developing and applying new methodologies to understand society's most critical issues and trains future generations of economic leaders.

General Catalog

Asset Pricing

ECON 291B

4 units