
Notes and exercises
Various notes on the curriculum and exercisesExercisesExercise for March 11 (pdf, 60
Kb) [Note I have corrected a minor typo in the definition of r_{t}
after equation (5)]
Exercise for April 5 (pdf, 50 Kb)
NotesTechnical notes to Walsh (2010), Chapter 6 (to accompany slides of March 29) (pdf, 75 Kb)
The optimal monetary policy in the Barro and Gordon model (pdf, 50 Kb) (Updated April 12 as it is a maximization problem, not a minimization problem we have! Sorry, but to my defense I am not the first to have made such confusion as the literature half of the time minimizes loss functions, and the other half maximizes utility functions.)
Tecnical notes to Walsh (2010), Chapter 11 (to accompany slides of April 15)
Henrik Jensen (2011): Optimal
InterestRate Setting in a Dynamic IS/AS Model (Teaching note for April 29)
(pdf, 163 Kb)
Old exam setsGo 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, 2005, 2007, 2008, 2009 and 2010 are the most representative for the exam of this course. Note, however, that all these exams, except the 2010 one, were 4hour exams. This year we only do a threehour exam, and the exam set will be correspondingly reduced. Also note, that Walsh's book is this year is based on a new version, so there are some slight variations. I noted that the 2003 exam is a weird version of the set. So here it is (pdf, 70 Kb)
