Notes, codes and exercises




Use of codes require installation of MatLab software, which is available on campus. A free alternative to MatLab is Octave, but I have not tried the codes on that platform. Moreover, most codes require installation of Dynare, which is a free sofware package. An quick introduction to the use of Dynare for simulation of stochastic macroeconomic models (DSGE models) can be found on the Dynare site.



Exercises in class, QUESTION 2 from the exam on June 15, 2006 (Done April 11).
Suggested answers to above question (April 17)


Exercise to be (voluntarily) handed in to me no later that Tuesday, April 26, 12.00 (as pdf file by mail only; write "Monpol Solution" in subject line). A paper containing the solutions as well as the economics of those is found above as "Monetary Policy Effectiveness in a Dynamic AS/AD Model with Sticky Wages". It also offers some perspectives on related history of economic thought.


Exercises in class, May 23.
Suggested answers to above question.


Exercises in class, May 26: QUESTION 3 from Summer 2014 exam


Guest Lecture

Morten Spange: Monetary Policy in Denmark. Danmarks Nationalbank, May 12.


Old exam sets

Go here (opens new window) for the collection of previous exam setsand suggested solutions (from when the course was called "Monetary Economics: Macro Aspects"). Note that the exam in 2006 was "open book" and therefore slightly harder than the earlier exams. Hence, the exams in 2003-5, 2006-15 are the most representative for the exam of this course. Note, however, that all these exams, except the 2010-2014 ones, were 4-hour exams. This year we again have a three-hour exam. Note that Walsh's book from 2010 an onwards is a newer version, and that the course have changed over time - so the sets get less and less representative going back in time.