Monetary Economics: Macro Aspects


Spring, 2009

Henrik Jensen
Department of Economics
University of Copenhagen

Lecture slides


Lecture slides are posted no later than 18 hours before the lectures. Bring the slides to the lecture in order to make notes on them. You do not need to read them beforehand. Read the curriculum for the lecture instead.

February 3: Introductory lecture (pdf file, 60 Kb)

February 5: On stylized facts and empirical issues (pdf file, 125 Kb)

February 10: On the Tobin effect and the basic MIU model (pdf file, 220 Kb)

February 17: On the welfare costs of inflation and a stochastic MIU model (pdf file, 110 Kb)

February 24: On shopping-time models and basic CIA model (pdf file, 100 Kb)

March 3: On a stochastic CIA model (pdf file, 85 Kb)

March 10: On incomplete nominal adjustment: imperfect information (pdf file, 90 Kb)

March 17: On incomplete nominal adjustment: Sticky wages and prices (pdf file, 90 Kb)

March 24: On monetary credibility problems (pdf file,  85 Kb)

March 31: On operating procedures and intermediate targeting (pdf file, 80 Kb)

April 14: On interest rate policies (I) (pdf file, 90 Kb)

April 16: On interest rate policies (II) (pdf file, 110 Kb) (also used April 21)

April 21: On the New-Keynesian model of monetary policy (Ia) (pdf file, 80 Kb)

April 28: On the New-Keynesian model of monetary policy (Ib) (pdf file, 80 Kb)

May 5: On the New-Keynesian model of monetary policy (II) (pdf file, 85 Kb)

May 12: On Open-economy aspects (I) (pdf file, 100 Kb)

May 19: On Open-economy aspects (II) (pdf file, 85 Kb)