Monetary Economics: Macro Aspects


Spring, 2007

Henrik Jensen
Department of Economics
University of Copenhagen


Lecture slides


Introductory lecture, February 1 (pdf file, 60 Kb)

On empirics, February 6 (pdf file, 123 Kb).

On the Tobin effect and basic MIU model, February 8 (pdf file, 108 Kb).

On welfare effects of inflation and a stochastic MIU model, February 13 (pdf file, 102 Kb).

On shopping time models and CIA models (under certainty), February 15 (pdf file, 91 Kb)

On CIA models (stochastic) and real costs of transactions, February 20 (pdf file, 78 Kb)

On public budget accounting and seigniorage, February 22 (pdf file, 140 Kb)

On optimal taxation and the Friedman rule, February 27 (pdf file, 89 Kb)

On incomplete nominal adjustment and imperfect information, March 6 (pdf file, 86 Kb)

On incomplete nominal adjustment and sticky prices and wages, March 8 (pdf file, 83 Kb)

On credibility problems, March 13 (done on March 15) (pdf file, 86 Kb)

On delegation and independent central banks, March 20 (pdf file, 85 Kb)

On operating procedures and intermediate targets, March 22 (pdf file, 82 Kb)

On interest rate policies (I), March 27 (pdf file, 76 Kb)

On interest rate policies (II), March 29 (pdf file, 84 Kb)

On the New-Keynesian model of monetary policy (I), April 3 (also used April 10) (pdf file, 95 Kb)

On the New-Keynesian model of monetary policy (II): Committment vs. discretion, April 17 (pdf file, 83 Kb)

On delegation solutions to credibility problems in a New-Keynesian model, April 19 (pdf file, 127 Kb)

On open-economy aspects (I): The Obstfeld-Rogoff model under flexible prices, April 24 (pdf file, 92 Kb)

On open-economy aspects (II): The O-R model under sticky prices, and on policy coordination, April 26 (also to be used May 3) (pdf file, 93 Kb)

On Inflation Targeting (I), May 3 (pdf file, 71 Kb)

On Inflation Targeting (II), May 15 (pdf file, 72 Kb)

On the exam, May 22 (pdf file, 65 Kb)

 

List of typos in slides, updated April 17 (pdf file, 79 Kb)