Financial cycles and macroeconomics 2400-ENSM107A
The aim of the seminar is to familiarize the students with empirical and theoretical methods of financial cycles and macro-finance analysis and to prepare them to be able to write the Master thesis.
The thesis may be based on one of the following empirical or theoretical models:
1. Empirical data and tools to characterize domestic and global financial cycles and their interactions with the real economy.
2. Empirical models of financial and business cycles.
3. Macro-finance models, i.e. models of frictions in the housing and financial markets.
4. Models of monetary and macro-prudential policies
5. Open economy macro models
Example topics that the thesis can contain are
1. The measurement of domestic and global financial cycles
The aim of the seminar is to familiarize the students with empirical and theoretical methods of financial cycles and macro-finance analysis and to prepare them to be able to write the Master thesis.
The thesis may be based on one of the following empirical or theoretical models:
1. Empirical data and tools to characterize domestic and global financial cycles and their interactions with the real economy.
2. Empirical models of financial and business cycles.
3. Macro-finance models, i.e. models of frictions in the housing and financial markets.
4. Models of monetary and macro-prudential policies
5. Open economy macro models
Example topics that the thesis can contain are
1. The measurement of domestic and global financial cycles
2. The nature of financial and real business cycles
3. The interlinkages between financial cycles and monetary and macro-prudential policies
4. The relationship between asset prices and economic fluctuations
5. The impact of foreign financial and monetary policy shocks on domestic financial and real cycles
The first part of the course will be devoted to presenting the formal requirements of the thesis and to the discussion of selected empirical and/or theoretical articles and models. The second part of the course will be devoted to students’ presentations on their chosen topic and in preparing their theses.
Type of course
Course coordinators
Learning outcomes
Learning outcomes After completing the seminar, the student:
1. Obtains knowledge of the methods and tools to acquire relevant data and to analyse financial cycles and macro-finance topics.
2. Can provide extensive literature reviews and analyse the sources.
3. Is able to formulate research questions and state hypotheses and then identify the appropriate data and methods to verify the stated hypotheses.
4. Can present the results of his/her work in the form of a scientific paper in line with the formal requirements.
5. Can formulate a plan of action, state the priorities and deliver the work on their own meeting the deadline.
KW01, KW02, KW03, KU01, KU02, KW03, KK01, KK02, KK03
Assessment criteria
The grade for the first semester will be based on the students’ presentations on their progress in writing the thesis. The grade for the second semester will be based on the submission of the final version of the thesis.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: