• Graduate program
    • Why Tinbergen Institute?
    • Program Structure
    • Courses
    • Course Registration
    • Facilities
    • Admissions
    • Recent PhD Placements
  • Research
  • News
  • Events
    • Summer School
      • Behavioral Macro and Complexity
      • Econometrics and Data Science Methods for Business and Economics and Finance
      • Experimenting with Communication – A Hands-on Summer School
      • Inequalities in Health and Healthcare
      • Introduction in Genome-Wide Data Analysis
      • Research on Productivity, Trade, and Growth
      • Summer School Business Data Science Program
    • Events Calendar
    • Tinbergen Institute Lectures
    • Annual Tinbergen Institute Conference
    • Events Archive
  • Summer School
  • Alumni
  • Times
Home | Courses | Macro Finance and Central Banking

Macro Finance and Central Banking

  • Teacher(s)
    Enrico Perotti, Rick van der Ploeg
  • Research field
    Finance, Macroeconomics, Finance
  • Dates
    Period 2 - Oct 25, 2021 to Dec 17, 2021
  • Course type
  • Program year
  • Credits

Course description

The central bank mandate has grown in complexity, and has been refocused around its historical core task of financial stability. A central bank operates at the core of the payment system, serves as lender of last resort, conducts monetary policy, and is often the key prudential regulator. Basel III has added a novel mandate to control endogenous risk creation over the credit cycle as the dominant macroprudential authority. This complex task requires monitoring systemic risk creation, balancing access to credit and financial stability.
Understanding these tasks, in particular liquidity provision and macroprudential policy, requires a solid macro finance foundation. Macro finance is emerging as a distinct methodological framing that assigns a central role for intermediation in macro modelling, and for systemic risk in finance.
The course would be ideally placed next to courses in macroeconomics and banking, with a distinct interactive focus.

Course literature

Primary reading
- Selected papers.
Further reading
- Selected papers.