Monetary Economics: Macro Aspects

Spring, 2009

Henrik Jensen
Department of Economics
University of Copenhagen

F. A. Q. Section

On this page, I will post questions and answers that arise during the course. A fruitful form of communication, if you have problems with some of the curriculum, is to e-mail me the problem/question. First, one often solves the issue by oneself by formulating it in writing. Secondly, by writing me an e-mail question, I can provide a much clearer answer than is usually the case in verbal exchange. Finally, when everything is written down, one can make the issue available to all students. This is valuable, as it is quite likely that fellow students have had similar problems with the issue. Therefore, feel free to e-mail questions. I will then make the question and answer publicly available here for everyone's benefit. Of course, your name will not be mentioned (unless you demand so); hence, there is nothing to lose by posing a "silly question" (and by the way: there is no such thing as a "silly question").


March 19: On the "staggered price adjustment" model, labor supply, and the sensitivity of marginal costs to demand.

March 25: On the derivation of the optimal monetary policy in the Barro and Gordon model.

May 4: Finding the solution of the simple New-Keynesian model when k>0.