Monetary Macroeconomics - Spring 2021
Course information
Each week, we will hold online lectures via Zoom on Fridays starting at 10:15. The course material will then be posted online.
Meeting ID: 939 4506 8080
Passcode: 542359
You can have a bilateral meeting with me during my office hours via Zoom on Tuesdays between 4 pm and 5 pm.
Meeting ID: 925 4038 8281
Passcode: 709887
Email me at pinar.yesin@snb.ch if you have any questions.
The final exam will take place on June 25. It will be an open book exam with various parts.
Chapter 18 Temptation of Inflation
Review
Zoom lecture on June 4
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Chapter 16 Savings and Investment
Chapter 17 National Debt and Crowding Out of Capital
Zoom lecture on May 28
Meeting Recording:
Access Passcode: T!uryq9T
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Chapter 15 Deficits and the National Debt
Zoom lecture on May 21
Meeting Recording:
Access Passcode: e?RHs.=8
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Chapter 13 Bank Risk
Zoom lecture on May 14
Meeting Recording:
Access Passcode: BL6U&E!Q
Homework#2 due on May 21
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Chapter 10 Money Stock Fluctuations
Zoom lecture on May 7
Meeting recording:
Access Passcode: &N$L1prq
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Chapter 9 Central Banking and the Money Supply
Zoom lecture on April 23
Meeting recording:
Access Passcode: qRj2H=Hi
Homework #1 due on May 5
The lecture on April 30 is canceled!
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Chapter 7 Capital
Chapter 8 Financial Intermediation
Zoom lecture on April 16
Meeting recording:
Access Passcode: .&4@wVHR
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Chapter 5 International Monetary Systems
Chapter 6 Price Surprises
Zoom lecture on March 26
Meeting recording:
Access Passcode: B2!hsl%7
Big Mac purchasing power parity index of the Economist
https://www.economist.com/news/2019/01/10/the-big-mac-index
Nobel prize lecture by Robert E. Lucas, Jr on Monetary Neutrality
https://www.nobelprize.org/prizes/economic-sciences/1995/lucas/lecture
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Chapter 4 Inflation
Zoom lecture on March 19
Meeting recording:
Access Passcode: 99$qcnYp
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Chapter 3 Barter and Commodity Money
Zoom lecture on March 12
Meeting Recording:
Access Passcode: 8j.tedXX
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Chapters 1 and 2 A Simple Model of Fiat Money
Zoom lecture on March 5
Meeting Recording:
Access Passcode: @S+z3ShH
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Slides on February 26
Zoom lecture on February 26
Meeting Recording:
Access Passcode: 2=7soR^4
Lectures and required reading
Suggested
reading
"The threat and the promise of digital money" by Martin Wolf, Financial Times, 22 October 2019
"Digital currencies and the future of the monetary system" speech by Agustin Carstens, BIS, 27 January 2021
"How to issue a digital currency" by David Chaum, Christian Grothoff, and Thomas Moser, SNB Working Paper No. 2021-03
"Should Amazon and Google pay us for our data?" by Gillian Tett, FT Opinion, 26 September 2018
"How Big Tech brought back the barter economy", by Gillian Tett, FT Opinion, 18 April 2018
Why is ramen so valuable in prison, Vox video on Youtube.
Correlation does not imply causality: charts by Tyler Vigen