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Course Level: Graduate
Overview of major theories relating money supply and interest rates to inflation and growth in the short- and long-runs. Review of contemporary research on central banks and alternative methods of making monetary policy in advanced industrial, emerging market, and developing economies. Practice with basic econometric methods used in monetary-policy analysis. Usually offered every fall. Prerequisite: ECON-501 or ECON-702, and ECON-505 or ECON-705.