A course which uses elementary stochastic processes in the study of asset pricing under rational expectations (interest rates and inflation, volatility, bubbles, risk premiums, term structures), the demand for money, evidence on money in business cycles, the optimal quantity of money, and monetary policy (targeting, rules, credibility) in theory and practice.
A course which uses elementary stochastic processes in the study of asset pricing under rational expectations (interest rates and inflation, volatility, bubbles, risk premiums, term structures), the demand for money, evidence on money in business cycles, the optimal quantity of money, and monetary policy (targeting, rules, credibility) in theory and practice.
