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 1: Introductory lecture (pdf, 60 Kb).

February 22: What are the "stylized facts" about money and economic aggregates? (pdf, 190 Kb)

February 25: The basic money-in-the-utility function model (pdf, 105 Kb)

March 8: More on the MIU model (pdf, 105 Kb)

March 15: Shopping time models and a Cash-in-Advance model under certainty (pdf, 100 Kb)

March 18: A stochastic CIA model (pdf, 85 Kb)

March 25: Incomplete nominal adjustment (I) (pdf, 95 Kb)

March 29: Incomplete nominal adjustment (II) (pdf, 90 Kb)

April 8: Incomplete nominal adjustment (III) (pdf 220 Kb)

April 12: Monetary credibility problems (pdf, 85 Kb)

April 15: Operating procedures and intermediate targets (pdf, 80 Kb) (also used April 19)

[April 19: Notes on Rogoff conservatism and Walsh contracts - w. notes (pdf, 384 Kb)]

April 26: Interest rate policies (I) (pdf, 150 Kb)

April 29: Interest rate policies (II) (pdf, 90 Kb)

May 3: New-Keynesian models of monetary policy (I) (pdf, 100 Kb)

May 6: New-Keynesian models of monetary policy (II) (pdf, 440 Kb)

May 13: New-Keynesian models of monetary policy (III) (pdf, 475 Kb)


Typos in slides (pdf, 55 Kb). Updated, May 16