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OAFP 4610 - Current issues in monetary policy and banking

Type d'enseignement : Elective

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English, French


Basic knowledge of macro economic theory will be required

Course Description

The course will look at challenges facing Central Bankers and financial regulators following the financial crisis. It will be fundamental but policy oriented. After an examination and discussion of the financial crisis, the "great recession" and the policy responses, the course will look at three major issues for the future : the link between monetary and fiscal policies and Central Bank independance; the future of financial intermediation ( banks and financial markets); the role and evolution of debt ( public and private) in the economy and the financial system.


LANDAU, Jean-Pierre (Professeur associé à Sciences Po)

Pedagogical format

Classes will consist in lectures by the Professor. Students will be encouraged to interrupt, discuss and challenge the instructor. Depending on the number of participants, simulation workshops on case studies may be organized. Current and former Central Bank staff and officials may be invited to give presentations.

Course validation

Evaluation will be in three parts : 40% one mid term short essay (commenting on a policy document); 50%one final essay; 10% general participation to the class


Students will be required to have read basic documents ahead of classes.

Required reading

  • Alan BLINDER : Central banking in theory and practice- the MIT press
  • Frederic MISHKIN : The Economics of Money, Banking and Financial Markets (Pearson)