Brief Introduction
This course closely examines the path of public policy, whether fiscal stimulus plans or the Federal Reserve's monetary policy, through the nuts and bolts of—and from the viewpoint of—the capital marketsCourse Summary
Learn about the monetary policy and its impact on the economy after the financial crisis. Gain a deep understanding of the tools and techniques used by central banks to manage the economy and promote growth.Key Learning Points
- Explore the role of central banks in promoting economic growth
- Understand how monetary policy is implemented and its impact on the economy
- Learn about the challenges and opportunities in monetary policy after the financial crisis
Related Topics for further study
Learning Outcomes
- Understand the role of central banks in promoting economic growth
- Gain a deep understanding of the tools and techniques used by central banks to manage the economy
- Learn about the challenges and opportunities in monetary policy after the financial crisis
Prerequisites or good to have knowledge before taking this course
- Basic knowledge of economics
- Interest in monetary policy
Course Difficulty Level
IntermediateCourse Format
- Online
- Self-paced
Similar Courses
- Financial Markets
- Economics of Money and Banking
Related Education Paths
Notable People in This Field
- Janet Yellen
- Christine Lagarde
Related Books
Description
Course description
This course closely examines the path of public policy, whether fiscal stimulus plans or the Federal Reserve's monetary policy, through the nuts and bolts of—and from the viewpoint of—the capital markets. When the Fed or the European Central Bank announces a monthly $85 billion securities buying program, how exactly does this money flow through the markets? When the government bails out a major bank, how does this action affect the bank, its competitors, the markets, future perceptions, the economy at large? How can central banks affect the economy in an environment of zero and even negative interest rates? Should regulation influence the behavior of firms or individuals? Using the 2008 financial crisis and policy responses thereto as a backdrop, we explore how (and whether) the new capital markets created over the past thirty years as a result of greatly increased financial innovation, globalization, and communication are distorting the economic effect of traditional government monetary and/or fiscal influence. The role of important constituents (commercial and investment banks, exchanges, regulators, hedge funds, government interventions) are reviewed and evaluated for both past performance and future relevance. The course addresses important current topics in both economics and public policy, such as too big to fail, moral hazard, globalization of markets, currency unions, liquidity traps, efficiency of markets, the role of credit rating agencies, shadow banking, regulation of derivatives and hedge funds, Glass-Steagall, and the Volcker Rule.
Summary of User Reviews
Find out what users thought about Harvard's Monetary Policy After Financial Crisis course. Discover the overall quality of the course and one aspect that most users found particularly good. Also, take a look at the most mentioned pros and cons of the course.Key Aspect Users Liked About This Course
Most users found the course content to be well-structured, informative, and engaging.Pros from User Reviews
- The course offers valuable insights into monetary policy and its impact on the economy.
- The instructors are knowledgeable and experienced in the field.
- The course provides practical examples and case studies that make the content more relatable.
- The course is suitable for both beginners and advanced learners.
Cons from User Reviews
- Some users found the course material to be too technical and difficult to understand.
- A few users felt that the course was too focused on theory and lacked practical applications.
- Some users experienced technical difficulties with the online platform.
- A few users found the course to be too expensive compared to other online courses.
- The course requires a significant time commitment, which may be difficult for some learners.
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