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Monetary Policy After the Financial and Pandemic Crises 
offered by Harvard University

Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Overview

This course closely examines the path of public policy through the nuts and bolts of the actual operations and from the viewpoint of the capital markets

Total fee

2,040

Mode of learning

Online

Difficulty level

Intermediate

Official Website

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Course Level

UG Certificate

Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Highlights

  • Earn a certificate from Harvard University
  • Learn from industry experts
  • Topics covered: Economics
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Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Course details

More about this course
  • 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 the actual operations 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, and 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, and 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
  • Following deliberations and analysis of the financial crisis of 2008-2009, we then examine the monetary and fiscal policy responses to the pandemic crisis of 2020-2022
  • Were these policy responses even more extreme. Did central banks overshoot. Were lessons learned from the financial crisis. Was it too much, leading to inflation and too much debt
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Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Curriculum

Economics

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Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Faculty details

Dorian Klein
Designation : Teaching Assistant in Economics, Harvard University and Director, Harvest Capital

Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Entry Requirements

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Conditional OfferUp Arrow Icon
  • Not mentioned

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Monetary Policy After the Financial and Pandemic Crises
 at 
Harvard University 
Contact Information

Address

1350 Massachusetts Ave, Cambridge, Massachusetts 02138, USA
Cambridge ( Massachusetts)

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