Frontiers in Macroeconomics
The design and governance of monetary policy
Lecturer: Prof. Dr. Jakob de Haan (University of Groningen)
Date: October 19, 2009 – October 21, 2009 (TU Dresden)
Venue: ifo Dresden, Einsteinstrasse 3 (conference room)
09.00- 12.00: Central bank governance: independence
13.00 – 17.00: Central bank governance: transparency and accountability
09.00 – 12.00: Monetary policy: Taylor rule models
13.00 – 17.00: Central bank communication
08.00 – 11.00: ECB: Structure and policy
12.00 – 14.00: ECB: The role of money in its monitary policy strategy
 Meade, E. and C. Crowe (2007), The evolution of central bank governance around the world, Journal of Economic Perspectives 21 (4), 69-90.
 Dincer, N.N., and B. Eichengreen (2007), Central Bank Transparency: Where, Why, and with What Effects?, NBER Working Papers No. 13003.
 De Haan, J., S.C.W. Eijffinger and S. Waller (2005), The European Central Bank: Centralization, Transparency and Credibility, MIT Press (chapter 4).
 Gorter, J. J. Jacobs and J. de Haan, Taylor rules for the ECB using expectations data, Scandinavian Journal of Economics, 110 (3), 2008, 473-488.
 Blinder, A.S., M. Ehrmann, M. Fratzscher, J. de Haan and D. Jansen, Central bank Communication and Monetary Policy: A Survey of theory and Evidence, NBER Working Paper 13932, Journal of Economic Literature, 46(4), 2008, 910–45.
 De Haan, J., S.C.W. Eijffinger and S. Waller (2005), The European Central Bank: Centralization, Transparency and Credibility, MIT Press (chapters 2 and 3).
 Berger, H., T. Harjes, and E. Stavrev, The ECB’s Monetary Analysis Revisited, IMF Working Paper 08/171, 2008.
Write an essay of at least 3.000 words about one of the topics covered in the course. It may be an essay in which you take a particular position on a policy issue, survey some literature, or develop a theoretical or empirical model. The essay has to be send to me within 6 weeks (firstname.lastname@example.org).