OAFP 4610 - Current Issues in Money and Finance

The course looks at the main challenges that monetary authorities will be confronted with in the post Covid environment. ▪ First, the unexpected surge in inflation in an environment of ( 1) high public debt ( 2° call for Central Banks to extend their missions beyond price stability (climate change, inequalities) ▪ Second , digital technology is changing the forms and architectures and money and finance, ushering an era of structural transformation ▪ Third, changes in financial intermediation ( from bank based to market based system) may raise new challenges fro financial stability ▪ Fourth, the continuing domination of the international monetary system by the dollar with ti financial and geopolitical implications' The course will explore the potential consequences for the economy. Monetary and financial theory will be developed in a policymaking perspective. Contemporary problems of monetary policy will be discussed in detail, as well as challenges raised by public debt and digitalization. Active participation is strongly encouraged and necessary time has been provided in the course schedule for extensive discussions during the class. At least two "debates" will be organized with specific "motions" being defended (pro and against) and the result put to vote by the whole class. Participants to those debates will be granted a waiver for the mid-term essay.

Jean-Pierre LANDAU

Enseignement électif

English, French

None

Spring 2023-2024

▪ Evaluation will consist in two essays, one midterm, one final, each weighting 45% of the grade. 10% will be allocated to participation during the class. The midterm exam will be waived for the students who will take part in one of the two debates organized during the course ( see infra)

▪ Time has been provided in the course schedule for extensive discussions during the class. ▪ One or Two "debates" may be organized with specific "motions" being defended (pro and against). ▪ Ahead of each class, you will receive either an outline (one to three pages) in Word format or a deck of slides - that will help to follow the class and provide a framework for note taking ▪ At any moment during the term, questions can be asked directly by mail. They will be answered promptly. It will be helpful if they can be easily identified amongst all the mails that are received. So, questions should come under a standardized title (in capital letters): EAP MONEY- QUESTION