Seminar Advanced Monetary Theory and Policy

Master in Economics

Winter Term 2020/2021


Economic Implications of Extremely Long-Term Time Series

Selection of topics

  1. Real Interest Rates since the 14th Century (Schmelzing)
  2. From Poverty to Prosperity: The Development of Real GDP since 1800 (Maddison)
  3. Development of Commodity Prices since 1850 (Jacks)
  4. Stock Prices since 1880 (Shiller)


  • Each seminar participant has to choose one topic from the selection above. Credit points are granted for preparing a term paper and presenting the results in form of a power point presentation. Students are expected to rely on academic articles and to present the findings contained therein.
  • Topics will be assigned to students on a first-come, first-served basis. Students should send an e-mail to with a shortlist of three preferred topics.
  • Each student has to prepare and submit a term paper comprising at least 15 pages. The term paper is supposed to contain a cover page, a table of contents, a reference list (bibliography) and – where applicable – an appendix. There are no style requirements, however, margins, font size, spacing and so forth should be chosen appropriately. Deadline for paper submission is October 12, 2020. Please, send a PDF-version to
  • Each student needs to prepare his/her own seminar paper and a power point presentation. The presentation is supposed to last about 20 minutes and should be send not later than October 18, 2020 to
  • The seminar will take place in the form of a Zoom conference on October 19, 2020 (9:00 - 12:00 a.m.).
  • The final grade is based on the term paper (80%) and on the presentation/participation during the seminar (20%). Please be aware that enrollment for the class should be carried out at the examination office (Prüfungsamt) for the early deadline of the winter term 2020/2021 (vorgezogener Termin).
  • 6 Credit points can be obtained for this class (Master, PO 2015). Course language is English only.
  • Topics will be supervised by Prof. Dr. Bohl. Students should send the outline and structure of the term paper before-hand via e-mail to so that the contents can be discussed.


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