Notes and exercises


Various notes on the curriculum and exercises




Exercise for April 9 on monetary policy in the simple sticky-wage MIU model


Excercise for May 2 (extra classes), QUESTION 2 from Exam set 2011 in MakOk 3.
    Here are the suggested answers to the whole set.
    Here are the set from the equivalent Exam in 2013 in MakOk3 along with suggested answers.




Technical notes to Walsh (2010), Chapter 6 (accompanies slides of March 14)


Optimal monetary policy in the Barro and Gordon model (accompanies slides of April 2)


Equivalence of (11.11) and (11.10) in Walsh (2010) when (11.11) involves linear projections of the shocks on the nominal interest rate (accompanies slides of April 11)


Deriving (11.21) in Walsh (2010) (accompanies slides of April 11)


Henrik Jensen (2011): Optimal Interest-Rate Setting in a Dynamic IS/AS Model (paper for April 23 lectures)


Henrik Jensen (2012): Monetary Policy Effectiveness in a Dynamic AS/AD Model with Sticky Wages (paper behind the excercises of April 9)



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, 2011 and 2012 are the most representative for the exam of this course. Note, however, that all these exams, except the 2010, 2011 and 2012 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)