Course Outline

  1. Alternative views about monetary policy (classical, Keynesian, monetarist, new classical);
  2. Monetary policy in an international framework;
  3. Money demand and empirical evidence;
  4. Money in overlapping generations models;
  5. Inflationary finance;
  6. Burden of government debt and government borrowing;
  7. Current issues in monetary and financial sector reform.

Reference Books

    1. Laider, David E.W (1996). The Demand for Money: Theories, Evidence and Problems. Fourth Edition, Harper and Row, New York.
    2. McCallum, Bennett T. (1989). Monetary Economics, Theory and Policy. McMillan.
    3. Miller, R. L. and David VanHose, (2001), Money, Banking and Financial Markets. South Western, Singapore.
    4. Mishkin, Frederic S., (2001), The Economics of Money, Banking and Financial Markets. (Ninth Edition). Addison Wesley, New York.
    5. Patinkin Don. Money, Interest and Prices. Harper and Row publishers, (2nd / Latest Edition).
    6. Walsh, Carl E. (2010). Monetary Theory and Policy. 3rd ed. Cambridge: MIT Press.
    7. Woodford, Michael. (2003). Interest and Prices: Foundations of a Theory of Monetary

Policy. New Jersey: Princeton University Press.