Monetary Economics: Macro Aspects

Spring, 2009

Henrik Jensen
Department of Economics
University of Copenhagen


Welcome to the 2009 web site of the course "Monetary Economics: Macro Aspects," offered at the Master's Programme at Department of Economics, University of Copenhagen. On this site you will find a host of relevant information about the course, and the page will be regularly updated. You should therefore visit this site at least twice a week to stay up to date (so, bookmark it right away).


Limited use of Absalon

As I firmly believe in openness in education and research, I do not want to run a course with a web-site hidden for the general public. So this site, and not the Absalon site, will be the official certified web-resource for the course. The only function of Absalon in this course, will be for collecting e-mail adresses (in case I need to send you important information quickly), and running evaluations. Otherwise, in terms of contents, this is the place to be. Welcome, and hope you will enjoy the course!


Remember, however, to sign up for the course via Absalon in any case.


Breaking News


March 22: A very detailed solution to the exercise planned for March 19 has been posted. (Revised March 27; only the discussion at the end is updated.)

March 25: A new F.A.Q. entry is posted.

April 1: Internal student evaluation of the course is ready (pdf file, 30 Kb). We talked about it at exercises on April 2. Thanks for all the helpful comments. Note that the number of repondents exceeded 10, thereby triggering some sweet exercises.

May 4: A new F.A.Q. on the New-Keynesian model with an inflation bias is posted (relates to slides of May 5)

May 18: Hugo Frey Jensen's slides from out visit to Danmarks Nationalbank is posted.

May 22: Recap information about the whole course is posted.

May 22: Hints and info about the exam (pdf file, 40 Kb)

May 22: The final curriculum (pdf file, 320 Kb) (This matches what is on the lecture slides, but collected here.)


Thanks for a very nice semester! Have a nice exam. I wish you all the best!!


July 7: The exam (pdf 65 Kb) and suggested solutions (pdf 120 Kb).


Entertainment: Well, this is not a course in finance. But if you wonder about the workings of big finance, and why financial crises occur, then this clip gives a rather good, and disturbingly funny, clue. Disturbing because the clip is from 2007 and still very topical, and funny because it is:

Here's a later one, where we learn about the solutions to banking crises, and what "moral hazard" actually is: