DRE 7028 Monetary Economics
Norges Bank and BI Norwegian Business School are organizing a joint PhD course in Monetary Economics. The course is registered with Department of Economics at BI. Guest lecturer will be: Professor Lawrence Christiano, Northwestern University. The course will be hosted by Norges Bank over the period January 13-17, 2020.
After taking this course the students should have a solid knowledge on the standard New Keynesian model and on how to incorporate financial frictions into New Keynesian models. The students should master and be able to produce research on issues related with monetary policy.
1. The simple New Keynesian DSGE Model
2. Estimation of DSGE models
3. Financial frictions originating inside and outside the banking sector
A detailed syllabus is available here: http://faculty.wcas.northwestern.edu/~lchrist/course/Oslo_2020/syllabus....
The course will we taught in 4 intensive modules. Each module consists of 5 hours. Students are required to participate in class – both in discussions and by presenting models/material from the reading lists – as well as solve and hand in solutions to exercises and problems.
Enrollment in a PhD programme is a general requirement for participation in PhD courses at BI Norwegian Business School.
External candidates are kindly asked to attach confirmation of enrollment in a PhD programme when signing up for a course. Other candidates may be allowed to sit in on courses by approval of the course leader. Sitting in on a course does not permit registration for the course, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.
Students are expected to be familiar with the standard New Keynesian model at its basic level. Admission to a PhD Program is a general requirement for participation to a PhD course. External candidates are kindly asked to attach confirmation of admission to a PhD program when signing up for a course with the doctoral administration. Candidates can be allowed to sit in on courses by approval of the course leader. Sitting in on courses does not permit registration for courses, handing in exams or gaining credits for the course. Course certificates or confirmation letters will not be issued for sitting in on courses.
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Et kurs med 1 studiepoeng tilsvarer en arbeidsmengde på 26-30 timer. Et kurs på 4 studiepoeng tilsvarer derfor en en arbeidsmengde på minimum 110 timer.