Research and present empirical findings on key monetary topics, combining economic and empirical evidence. They should be able to argue a point logically and support their argument with appropriate theoretical and empirical evidence, whether in written or oral discussions. Finally, they should be able to critically debate current international monetary events and readings in the economic literature, primarily from academic economic journals.
reference:
Shambaugh, Jay C., “The Effect of Fixed Exchange Rates on Monetary Policy,’’ Quarterly
Journal of Economics, February 2004, 301-352.
Engel, Charles, “Currency Misalignments and Optimal Monetary Policy: A Reexamination,’’ American Economic Review, October 2011, 101, 2796-2822.
Symposium on the Monetary Transmission Mechanism: five papers in the Journal of Economic
Perspectives, 1995, 9, 3-96.
Svensson, Lars E. O., “Open-Economy Inflation Targeting,’’ Journal of International Economics,
2000, 50, 155-183.
Trichet, Jean-Claude, “Supply Side Economics and Monetary Policy,’’ Speech by President of the European Central Bank, European Central Bank, June 22, 2004.
Bernanke, Ben S. and Blinder Alan S., “The Federal Funds Rate and the Channels of Monetary Policy,’’ American Economic Review,’’ September 1992, 82, No. 4, 901-921.
Frenkel, Jacob A., “Monetary Policy: Domestic Targets and International Constraints,’’
American Economic Review, Papers and Proceedings, May 1983, 72, No. 2, 48-53.
David, Romer, “Openness and Inflation: Theory and Evidence,’’ Quarterly Journal of Economics, November 1993, 869-903
Schmitt-Grohe, Stephanie and Martin Uribe,“Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment,’’ Journal of Political Economy, 2016, 1466-1514.
Schmitt-Grohe, Stephanie and Martin Uribe, “Downward Nominal Wage Rigidity and the Case for Temporary Inflation in the Eurozone,’’ Journal of Economic Perspective, Summer 2013, 193-212
