New Regimes of Monetary Policy

Time I: 
Friday, 10:00am
Venue I: 
DIW, Mohrenstrasse 58, Friedensburg Room

The seminar deals with changes and new developments in the theoretical and empirical literature on monetary policy. Topics covered through lectures and seminar papers include the following: the appropriate mandates and objective function of central banks, the relationship between monetary policy and financial supervision, the role of the exchange rates, the functioning of monetary policy in a monetary union, the importance of fiscal dominance, quantitative easing during financial crises, the role of communication of objectives and policies, the functioning of central bank committees, transparency and independence and accountability, global coordination of monetary policy, the international role of the euro and the US dollar.

The course will first start with a series of lectures addressing these various issues. The seminar participants are then asked to prepare a seminar paper on one of the issues, which then have to be presented and discussed towards the end of the semester.
To allow an intensive dialogue among the students, the seminar is organized in block classes. Many topics are closely related to each other.

The lectures will take place on 22 and 29 April and 3 May. The seminar presentations will take place on 14 and 19 July.

Location: DIW, Mohrenstr. 58, Friedensburg Room
Restriction to participation: 20
Registration: 11. to 15.04.2016 via e-mail to

Grading: Seminar paper (10 - 15 pages, 70 %) + presentation and discussion (30 %)

Spring 2016
Deutsches Institut für Wirtschaftsforschung
End date of the whole course: 
Tuesday, July 19, 2016 - 1:00pm