Monetary Economics: Macro Aspects


Spring, 2007

Henrik Jensen
Department of Economics
University of Copenhagen


Notes

 

Exercise solved on March 1 (pdf file, 88 Kb). Detailed derivations for the stochastic CIA model. Exercise 6 in Chapter 3, which we didn't make, is VERY similar to the second exercise of the 2006 exam. Look at the old exam sets below for the link to the detailed answers (the "Rettevejledning").

 

Technical notes to Walsh (2003, Chapter 5). To supplement slides of March 8 (pdf file, 70 Kb).

 

Equivalence of (9.11) and (9.10) in Walsh (2003) when (9.11) involves linear projections of the shocks on the nominal interest rate. To supplement slides of March 22 (pdf file, 63 Kb).

 

Deriving (9.21) in Walsh (2003). To supplement slides of March 22 (pdf file, 60 Kb).

 

Answer to the "contest question" posed at the lectures on March 20 (pdf file, 51 Kb).

 

The Obstfeld-Rogoff model: Derivation of relative demand, the price index, and an example of log linearization To supplement slides of April 24 (pdf file, 85 Kb).

 

Notes on Svensson (1997, Appendix B) (pdf file, 67 Kb).

 

Old exam sets

Go here (opens new window) for the collection of previous exam sets and suggested solutions. Note that the exam in 2006 was "open book" and therefore slightly harder than the earlier exams. Hence, the exams in 2003, 2004 and 2005 are the most representative for the exam of this course.