Kursussøgning, efter- og videreuddannelse – Københavns Universitet

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Kursussøgning, efter- og videreuddannelse

Seminar: Advanced Monetary Macroeconomics (F)

Practical information
Study year 2016/2017
Programme level Full Degree Master
Course responsible
  • Henrik Jensen (13-6e6b74786f7134706b74796b74466b69757434717b346a71)
  • Department of Economics
Course number: AØKK08098U

Course content

The aim of the seminar is to have students go into depth with recent research articles within the area of monetary macroeconomics. Students can do theoretical as well as empirically based work. It is a prerequisite to master good analytical skills and economic intuition.

Learning outcome

A list of possible subjects is offered here. However, students are free to choose other subjects, or narrow/widen listed subjects in agreement with me.

  • Financial frictions and crises in macroeconomic models
  • Zero-lower-bound on nominal interest rates and the challenges it poses for policymaking
  • Fiscal stimulus: The way out of a financial crisis?
  • Monetary and fiscal policy interaction
  • Numerical analyses of general equilibrium models of monetary policymaking (this can be done within a host of problems)
  • Monetary policy coordination or monetary unification?
  • Financial crises and unconventional monetary policy
  • Inflation dynamics – what drives inflation?
  • What should a central bank target?
  • The optimal rate of inflation
  • Monetary policy and asset price fluctuations
  • Monetary policy and the housing market

Recommended prerequisites

All mandatory macro courses. A book that signals the level and requirements, is Carl Walsh’s “Monetary Theory and Policy” (2010, The MIT Press), which is the core curriculum in the masters course “Monetary Policy” (until 2015 named “Monetary Economics: Macro Aspects”). Having followed the course is not a necessity, but knowing the curriculum is an advantage. See the web page http:/​/​www.econ.ku.dk/​personal/​Henrikj/​monpol2016/​
Also, having followed the summer course on “Theoretical and Empirical Foundations of DSGE Modelling” is a great starting point.

Sign up

for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the student intranet (KUnet) for courses (English) and student intranet (KUnet) for courses (Danish).

More information about seminars is available in KUnet for  Study Programme (UK) and Study Programme (DK).


MSc programme of Economics
The seminar is primary for students at the MSc of Economics

The course is a part of the financial line, signified by (F)


Department of Economics, Study Council


1 semester


Autumn (36-50)
---- SKEMA LINK ----

Teaching and learning methods

Students must submit a one-page proposal for their paper no later than October 1. Prior to that they can discuss subject and literature on a bilateral basis with me. The paper must be uploaded on November 14. All papers are presented and discussed at a mini conference on November 30-December 1 (full days), where each participant presents his/her paper for 40 minutes followed by a discussion by a discussant (15 minutes), and subsequently a general discussion. Discussants will be assigned to the papers by me, and every participant must submit three relevant questions on all papers in writing to me prior to the conference. The learning method is that students consult with me during the semester prior to the mini-conference when needed.




Students are free to, and must, choose relevant literature themselves for their projects.  A book that signals the level and requirements, is Carl Walsh’s “Monetary Theory and Policy” (2010, The MIT Press), which is the core curriculum in the masters course “Monetary Policy” (until 2015 named “Monetary Economics: Macro Aspects”).


Category Hours
Seminar 6
Exam 0,6
Project work 200
English 206,6

Exam (Written and oral)

Type of assessment

Written assignment
A written seminar paper in English.


All aids allowed

Al aids for the written seminarpaper.

Marking scale

7-point grading scale

Criteria for exam assessment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.

Censorship form

External censorship
up to 20 % censorship at the seminarpaper

Exam period

Autumn 2016:

There is no mandatory introductory meeting, but students discuss subjects with teacher on a bilateral basis.

Deadline for submitting the commitment paper: October 1, 2016

Presentation days: November 30 and December 1, 2016

Deadline for submitting the seminar paper: November 14, 2016 at 10 AM

For enrolled students more information about examination, exam/re-sit, rules etc. is available at the student intranet for Examination (English) and student intranet for Examination (KA-Danish).


According to the Curriculum the form of the re-sit exam has been changed from September 1, 2016 to a “Written seminar re-sit paper” of 7,5 ECTS within the same subject area as the seminar. There is no longer an oral exam and an earlier non-passed seminar paper cannot be used as a re-sit paper.

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