In recent years, after reducing their reference interest rates at nearly 0%, most central banks designed a variety of novel monetary policy tools to fight recessions, including communication strategies, credit policies, and large-scale asset purchases. These new measures often referred to as “unconventional” monetary policies. The objective of this course is to provide participants with a thorough understanding of the state-of-the-art research on different types of unconventional policies, of their costs and benefits, and of their effects on financial and aggregate economic variables.

The Barcelona GSE Intensive Course on Unconventional Monetary Policy’s faculty includes some of the leading academics and economists in the area of monetary policy, with extensive experience in policymaking institutions such as the Federal Reserve and the European Central Bank.