Financial Intermediation and Monetary Policy

Professors Itamar Drechsler, Alexi Savov and Philipp Schabl will teach a four-day course entitled “Financial Intermediation and Monetary Policy”.  This class will explore the role of financial intermediaries in the transmission of monetary policy. The central topics are how monetary policy affects bank lending, the supply of liquidity, risk premia, and inflation through its interaction with the financial system. The training school will cover both theory and empirics, emphasizing the most recent contributions to the literature as well as our own work. Above all, this is a very active area of research, and we hope our discussions will stimulate the next wave of new ideas.