Lecture slides


Lecture slides - all in pdf format - are posted no later than 18 hours before the lectures (not counting the week-end time). 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 3: Introductory lecture

February 5: Empirics: Results and problems

February 10: Money-in-the-utility function (start) (also used February 17)

February 24: Money-in-the-utility-function (stochastic) (see here for accompanying codes)

March 3: Cash-in-advance models (see here for accompanying codes)

March 5: Public budget accounting and seigniorage

March 10: Seigniorage, inflation and optimal taxation

March 17: Incomplete nominal adjustment (I)

March 24: Incomplete nominal adjustment (II)

March 31: Incomplete nominal adjustment (III)

April 7: Operating procedures and intermediate targets

April 14: Interest rate policies (I)

April 16: Interest rate policies (II)

April 28: International dimensions

May 5: New Keynesian models of monetary policy (I)

May 12: New Keynesian models of monetary policy (II) (also used May 14)

May 19: Monetary policymaking and the recent crisis

 

Typos in slides (as of June 11)