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.
Course instructors: Monique Reid and Dawie van Lill
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BER Weekly
18 October 2021The high-frequency SA activity data for August released last week indicated that activity bounced back from the sharp declines in July. However, on balance, the pace of the August recovery was on the disappointing side. This supports our view that overall GDP likely contracted in 2021Q3. On the global front, inflation dynamics were again in focus with...
Read the full issue
BER Weekly
18 October 2021The high-frequency SA activity data for August released last week indicated that activity bounced back from the sharp declines in July. However, on balance, the pace of the August recovery was on the disappointing side. This supports our view that overall GDP likely contracted in 2021Q3. On the global front, inflation dynamics were again in focus with...
Read the full issue