Course : INTERNATIONAL MONETARY RELATIONS AND POLICY

The course aims to provide students with the tools to understand the functioning of modern central banks, the design and transmission of monetary policy, and the institutional architecture of major monetary authorities, with emphasis on the European Central Bank and the Federal Reserve. Students will develop practical literacy in reading and interpreting central bank communications like policy statements and speeches, and in engaging with empirical policy analysis from sources such as the ECB and the Bank for International Settlements Working Papers. Through hands-on applications, students will estimate and interpret monetary policy reaction functions, including Taylor rules under different mandates and exchange rate regimes, using real data from major central banks. The course is particularly suited to students interested in careers at central banks, international financial institutions, or economic policy bodies.