Teaching
Monetary Economics
Monetary economics studies the role of money and monetary authorities in a modern economy. We approach the topic in two sections: (i) monetary policy with specific application to the international financial crisis and (ii) monetary theory. The aim is to provide students with a solid understanding of monetary theory and to study the role of monetary authorities in the run-up to, unfolding and legacy of the international financial crisis. Part I covers the core theory of monetary economics, considering the nature of money, the role of expectations in monetary economics, the process of inflation and the Phillips curve. The role of monetary authorities in the financial crisis is the subject matter for Part II.
Module presenters: Monique Reid and Hylton Hollander
Course outline (Part I Monetary Theory)
Course outline (Part II Monetary Policy)
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BER Weekly
25 Apr 2025 Budget 3.0 loading; Trump starts to walk back tariff threats and Fed bullying (for now)This week was marked by policy reversals and clarifications both in SA and abroad, as policymakers confronted the consequences of their decisions. In the US, the administration softened its previously hardline stance on tariffs and downplayed earlier critiques of the US Federal Reserve (Fed). At home, SA’s National Treasury retracted its VAT increase...
Read the full issue
BER Weekly
25 Apr 2025 Budget 3.0 loading; Trump starts to walk back tariff threats and Fed bullying (for now)This week was marked by policy reversals and clarifications both in SA and abroad, as policymakers confronted the consequences of their decisions. In the US, the administration softened its previously hardline stance on tariffs and downplayed earlier critiques of the US Federal Reserve (Fed). At home, SA’s National Treasury retracted its VAT increase...
Read the full issue