Understanding Central Banks

Anil Kashyap
Edward Eagle Brown Professor of Economics and Finance

December 15–16, 2016


US Price $500

Course Details
This class will cover 4 new, post-financial crisis cases that Professor Kashyap has written about the Bank of England, the Bank of Japan, the European Central Bank and the Federal Reserve.  Collectively these cases cover the main issues currently confronting the world’s major central banks.  The topics covered will include: quantitative easing, negative interest rates, possible secession from a monetary union, and interactions between monetary policy and financial stability.  

The settings for the cases are as follows: Janet Yellen’s first FOMC meeting as Fed chair, the policy decision facing Governor Kuroda and the Bank of Japan immediately after the consumption tax hike, the Scottish referendum on independence and its implications for monetary arrangements there, and the European Central Bank policy meeting in March 2016. 

Students will be expected to read the cases ahead of time and submit answers to the case questions at the start of the course.  You should set aside at least 20 hours for pre-reading if you want to be fully prepared.   The discussions will be very interactive. 

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Contact Katie Corr:, 312.464.8729.