Summer 2022 - ECON 811 G100

Advanced Monetary Theory (4)

Class Number: 3747

Delivery Method: In Person


  • Course Times + Location:

    We 1:30 PM – 4:20 PM
    WMC 3611, Burnaby



Selected topics in monetary theory and policy.


This course is a graduate-level introduction to research in monetary policy, its methods, and major issues in central banking. We will cover a broad range of topics in the field with a focus on methodological issues. Students will replicate the results of previous computational research to gain experience working with advanced tools. They will develop critical thinking skills by presenting and discussing foundational and recent research. Finally, students will develop their writing and research skills through an independent and original research proposal.



The course will cover several topics in monetary policy and central banking including:


  1. Goals of monetary policy
  2. New Keynesian framework
  3. The role of expectations
  4. Rational inattention, incomplete information, sparsity models
  5. Alternative targeting regimes (Price level, nominal GDP, average inflation targeting)
  6. Central banking communication and forward guidance
  7. Stress-testing, financial stability, macro-prudential policy
  8. Inequality and monetary policy
  9. Crypto-currencies and central bank digital currencies
  10. International macro and monetary policy


  • Paper presentation and discussion 25%
  • Weekly assignments and referee reports 30%
  • Policy Brief 30%
  • Active participation in class discussion 15%



“Monetary Theory and Policy”, by Carl Walsh, 3rd edition, 2010. MIT Press

Graduate Studies Notes:

Important dates and deadlines for graduate students are found here: The deadline to drop a course with a 100% refund is the end of week 2. The deadline to drop with no notation on your transcript is the end of week 3.

Registrar Notes:


SFU’s Academic Integrity web site is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating.  Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the University community.  Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University.


Teaching at SFU in summer 2022 will involve primarily in-person instruction.  Some courses may be offered through alternative methods (remote, online, blended), and if so, this will be clearly identified in the schedule of classes. 

Enrolling in a course acknowledges that you are able to attend in whatever format is required.  You should not enroll in a course that is in-person if you are not able to return to campus, and should be aware that remote, online, or blended courses study may entail different modes of learning, interaction with your instructor, and ways of getting feedback on your work than may be the case for in-person classes.

Students with hidden or visible disabilities who may need class or exam accommodations, including in the context of remote learning, are advised to register with the SFU Centre for Accessible Learning ( or 778-782-3112) as early as possible in order to prepare for the summer 2022 term.