Notes and exercises

 

Various notes on the curriculum and exercises

 

Exercises

 

For April 10: On the simple sticky-wage MIU model

 

Notes

On the steady state of the simple CIA model of Walsh (2010).

 

Technical notes to Walsh (2010), Chapter 6 (accompanies slides of March 29)

 

Optimal monetary policy in the Barro and Gordon model (accompanies slides of April 12)

 

Tecnical notes to Walsh (2010), Chapter 11 (accompany slides of April 19)
    Equivalence of (11.11) and (11.10) in Walsh (2010) when (11.11) involves linear projections
    of the shocks on the nominal interest rate
 
    Deriving (11.21) in Walsh (2010)

 

Henrik Jensen (2011): Optimal Interest-Rate Setting in a Dynamic IS/AS Model (Teaching note for May 3)

  • The note has been updated per May 16. If you don't want to download it and /or print it again, the difference is that a typo is corrected: On page 6, in the equation before (18), there should be no et+1 (as this is zero in period-t expectations).
  • The note has been updated per June 6. If you don't want to download it and /or print it again, the difference is that a typo is corrected: On page 5, in the last equation on the page, the term on the right-hand side should be multiplied by βλ (the typo has no implications for what follows)
     

 

 

Old exam sets

Go 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, 2010 and 2011 are the most representative for the exam of this course. Note, however, that all these exams, except the 2010 and 2011 ones, were 4-hour exams. This year we again have a three-hour exam. Also note that Walsh's book from 2010 an onwards is a new version, so there are some variations. I noted that the 2003 exam is a weird version of the set. So here it is (pdf, 70 Kb)