Actualités et agenda
Nos formations
Établissement
Langue d'enseignement
English
Matières
INTERNATIONAL BUSINESS
Ce cours apparaît dans les formation(s) suivante(s)
Diplôme IÉSEG (Bac +5) Programme Grande École
- Crédits ECTS: 2.00
Responsable(s)
M.PICAULT
Intervenant(s)
M.PICAULT
Présentation
Prérequis
Bachelor level knowledge of Macroeconomics.
Bachelor level knowledge of Econometrics and Finance.
Bachelor level knowledge of Econometrics and Finance.
Objectifs
At the end of the course, the student should be able to:
The purpose of this course is to give students the ability to understand central banks behavior and the effects of their policies on financial markets. After a review of the macroeconomic importance of monetary policy, students will learn its implementation through conventional (interest rates) and unconventional instruments (QE). We will study the impact of such decisions on different market segments such as exchange rates, money market, sovereign bonds and equities.
At the end of the class, students must be able to:
-Understand the functioning of monetary policy and its implementation through different conventional and unconventional instruments.
-Study the relation between the macroeconomic outlook and the monetary policy stance and forecast key interest rates.
-Understand the implication of monetary policy decisions and communications for asset prices (stocks, bonds and exchange rates).
The purpose of this course is to give students the ability to understand central banks behavior and the effects of their policies on financial markets. After a review of the macroeconomic importance of monetary policy, students will learn its implementation through conventional (interest rates) and unconventional instruments (QE). We will study the impact of such decisions on different market segments such as exchange rates, money market, sovereign bonds and equities.
At the end of the class, students must be able to:
-Understand the functioning of monetary policy and its implementation through different conventional and unconventional instruments.
-Study the relation between the macroeconomic outlook and the monetary policy stance and forecast key interest rates.
-Understand the implication of monetary policy decisions and communications for asset prices (stocks, bonds and exchange rates).
Présentation
Session 1 : Introduction and the objectives of monetary policy.
Session 2 : Monetary policy standard and non-standard instruments.
Session 3 : The asset prices transmission channel.
Session 4 : Understanding the central bank communication.
Session 2 : Monetary policy standard and non-standard instruments.
Session 3 : The asset prices transmission channel.
Session 4 : Understanding the central bank communication.
Modalités
Organisation
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours interactif | 16,00 | ||
| Travail personnel | |||
| Individual Project | 15,00 | ||
| Individual Project | 10,00 | ||
| Charge de travail personnel indicative | 10,00 | ||
| Overall student workload | 51,00 | ||
Évaluation
he evaluation system is based on two projects. On conducted during the course and one at the end of the course.
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Autres | |||
| Projet Collectif | 0,00 | 1 | 50,00 |
| Projet Individuel | 0,00 | 1 | 50,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliographie
The Economics of Money, Banking and Financial Markets, Mishkin, Frederic S, Pearsoon (any edition) -
Mishkin, Frederic S. The channels of monetary transmission: lessons for monetary policy. National Bureau of Economic Research, 1996. -
Blinder, A. S., Ehrmann, M., Fratzscher, M., De Haan, J., & Jansen, D. J. (2008). Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence. Journal of Economic Literature, 46(4), 910-45. -
Mishkin, Frederic S. The channels of monetary transmission: lessons for monetary policy. National Bureau of Economic Research, 1996. -
Blinder, A. S., Ehrmann, M., Fratzscher, M., De Haan, J., & Jansen, D. J. (2008). Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence. Journal of Economic Literature, 46(4), 910-45. -
Ressources Internet