Macroeconomic Analysis II

Description: 

1. Money and Inflation - The Cagan Model of Money and Prices
2. Money in the Overlapping-Generations Model
3. Modelling Money in the Utility Function (Brock/Sidrauski Model, Cash-in advance model, shopping-time model)
4. Monopolistic Competition and Price Rigidities
5. The New Neoclassical Synthesis and Monetary Policy
6. Commitment and Discretion in Monetary Policy
7. Stabilizing Demand and Supply Shocks
8. Current Developments and Open Issues

Literature:
Blanchard, Olivier J.; Stanley Fischer, Lectures on Macroeconomic, MIT Press, 1989.
Walsh: Monetary Theory and Policy, MIT-Press, 2003.
Woodford: Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton University Press, 2003.

Credits: 
9.00
Affiliation: 
Humboldt-Universität zu Berlin
Technische Universität Berlin