Analysis of Monetary and Fiscal Policy (GRAE038)

The course aims to arm students with analytical tools needed to analyse monetary and fiscal policies, as well as their interactions. The course discusses the concept of policy impact, and the ways to measure it. It then discusses the specifics of monetary and fiscal policies with the focus of analytical tools that allow analysing policy instruments and their effects. The students will have to demonstrate their understanding of the topic through an exam and development of policy briefs based on analytical assessment, showing their acquired critical evaluation skills.

• Students will be able to critically evaluate fiscal and monetary policy instruments and their application in different contexts.
• Students will learn to analyse the impact of economic policy and assess and select tools appropriate for the analysis.
• Students will develop critical skills needed to propose recommendations for economic policy instruments based on analytical assessment.
• Students will learn to prepare a policy brief critically communicating a selected fiscal or monetary policy instrument of their choice and suggesting recommendations for their improvement.