Monetary Economics I

Despite the "monetary" framing, this is really a bond-pricing and term-structure course: you learn to read what the yield curve says about policy expectations, risk, and the macroeconomy, then push that lens to the zero lower bound and unconventional policy. Most of the work is empirical — event studies around policy announcements and estimating no-arbitrage affine and macro-finance models — assessed through a written midterm and a take-home final that effectively functions as a mini research exercise. It sits on top of a graduate macro and econometrics base and is the natural prerequisite for doing serious work in monetary policy, fixed income, or central-bank research.