Seminar in Contemporary Economic Issues II
- Code de l'UE ECONM373
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Horaire
30Quadri 2
- Crédits ECTS 5
- Langue
- Professeur Rychalovska Yuliya
By the end of the seminar course "Inflation, Inflation Expectations, and Central Bank Communication," students will develop a comprehensive understanding of how inflation expectations influence actual inflation and monetary policy decisions. They will be able to analyze survey-based and market-based measures of inflation expectations, assess their impact on macroeconomic dynamics, and evaluate the effectiveness of central bank communication in guiding market behavior. Additionally, students will gain the ability to apply theoretical and empirical methods to estimate key economic relationships, such as the Phillips Curve, while critically comparing the communication strategies of major central banks. Through engagement with real-world data, students will explore how inflation expectations evolve over time and how central banks adapt their policies accordingly.
Understanding the dynamics of inflation, particularly the role of inflation expectations, are central to the formulation and implementation of monetary policy. For policymakers aiming to maintain price stability, it is essential to know how households, firms, and financial markets anticipate future price movements. Over the past two decades, central banks have significantly transformed their communication strategies, enhancing transparency and openness to anchor expectations more effectively and guide market behavior.
In this course, we will examine a complex interplay between inflation, inflation expectations and monetary policy communication.
Through a combination of theoretical discussions and practical data analysis exercises, we will address the following key questions:
Lectures
students' presentations
Formation | Programme d’études | Bloc | Crédits | Obligatoire |
---|---|---|---|---|
Master 120 en sciences économiques, orientation générale, à finalité spécialisée | Standard | 0 | 5 | |
Master 120 en sciences économiques, orientation générale, à finalité spécialisée | Standard | 2 | 5 |