course-details-portlet

SØK8011

Macroeconomics and Monetary Policy

New from the academic year 2011/2012

Credits 7.5
Level Doctoral degree level
Course start Autumn 2011
Duration 2 semesters
Language of instruction English
Examination arrangement Assignment

About

About the course

Learning outcome

The course is on monetary policy in dynamic stochastic general equilibrium macro models in a New Keynesian framework, It shows why the monetary policy is neutral in classical, RBC-type macro models and explains special case where it is not. The classical model is augmented with imperfect competition and price rigidities leading to the canonical new Keynesian model. Next, various monetary policy rules are studied in this framework. The course will derive the utilized models in detail. The course contains both analytical and computational exercises. The computational exercises are done in the Matlab library Dynare.

Subject areas

  • Social Sciences
  • Economics

Contact information

Course coordinator

Department with academic responsibility

Department of Economics

Examination

Examination

Examination arrangement: Assignment
Grade: Letters

Ordinary examination - Spring 2012

Oppgave
Weighting 100/100

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