Lecture slides

Lecture slides - all in pdf format - 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 5: Introduction to course

February 12: What are the "stylized facts" about money and economic aggregates?

February 14: Money in the utility function (start)

February 19: Money in the utility fuctions (dynamics)

February 26: Cash-in-Advance models

March 12: Incomplete nominal adjustment (I)

March 14: Incomplete nominal adjustment (II)

March 19: Incomplete nominal adjustment (III) (used March 26)

April 2: Monetary credibility problems

April 11: Operating procedures and intermediate targeting

April 16: Interest rate policies (I)

April 23: Interest rate policies (II)

April 25: New Keynesian models of monetary policy (I)

April 30: New Keynesian models of monetary policy (II) (also used May 7)

May 14: Monetary policymaking and the recent crisis: Quantitative easing (with notes correcting two typos)



Typos in slides (Updated, June 9)