FGV EPGE – Escola Brasileira de Economia e Finanças held, on the 30th of July, the opening class of the discipline “Temas Contemporâneos II” (Contemporary Themes II)

FGV EPGE – Escola Brasileira de Economia e Finanças held, on the 30th of July, the opening class of the discipline “Temas Contemporâneos II” (Contemporary Themes II), presented by Professor Fernando de Holanda Barbosa.
 
Professor Holanda presented and overview on Monetary Theory and Policy and emphasized that “the main puzzle of this theory is the determination of money price – a financial asset dominated by all the other assets”. Besides, Professor Holanda explained that the monetary theory aims at understanding how changes in the conduct of monetary policy can affect production and employment levels at short and long runs.
 
Professor Holanda also spoke about the importance of the Central Bank and its role in conducting the monetary policy, the monetary policy regimes, monetary transmission channels and economic effects of monetary policy.
 
At the end, Professor Holanda outlined a panorama of the Brazilian economic history, “beginning with macroeconomic indiscipline seen for many decades” until the Real Plan, launched in 1994, “when a major change in monetary policy regime occurred”. The case of United States was assessed, beginning with the Great Recession, going through the period known as “Keynesian Era” until the recent economic crisis.
Professor Fernando de Holanda Barbosa was Secretary for Economic Policy under former president Itamar Franco’s government.
 
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