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.

Course syllabus

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 

Answers to Quiz#1

 

Answers to Homework #1

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:

https://uzh.zoom.us/rec/share/c_tw2idbZr-ReFTkss1u06-a1cfh4JhwMEnn3djWffah1IbZ0sSsgGomAwFO0LeY.PyLLt0TivliTBU0M

 

Access Passcode: T!uryq9T

 

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Chapter 15 Deficits and the National Debt

Zoom lecture on May 21

Meeting Recording:

https://uzh.zoom.us/rec/share/7quOqwqzFSwqJReDG7BLb2nSz0-1yCWbahNV8-C_rsWcx7W9au0I4dKeTV7mgaxd.3vlymoopiPxAbHaH

 

Access Passcode: e?RHs.=8

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Chapter 13 Bank Risk

Zoom lecture on May 14

Meeting Recording:

https://uzh.zoom.us/rec/share/FQKWsHMfMi7RVA8w2ZfnCvKT9o9JK8fNDSREmTTdF6WNQ-UqpCNJDMPP3SIQJjTE.1ULnZX2CBlx8o57X

 

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:

https://uzh.zoom.us/rec/share/7ktV-ZXsL-qLbhiqcWWQqJQuP7n4PCmszi5Taw06dirsK_tFjdsJLOzCGq1pYjEW.zcNU2KbO9RfBX7oL

 

Access Passcode: &N$L1prq

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Chapter 9 Central Banking and the Money Supply

Zoom lecture on April 23

 

Meeting recording:

https://uzh.zoom.us/rec/share/wmBbzo0FnmvruYcZxKEKQv1b7KS3I7OxZyK0NE5WpatOpB6seywC8gAKWauawGol.djRSUgtFcIAObj48

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:

https://uzh.zoom.us/rec/share/Cp_1A1iq_Yj0MP2qksA3_ZxNnST2Cfm3OU_a-V0Fb54slZ46tnlUFqq-v9easZNo.ZMJe9YS4YTQ_rl7V

Access Passcode: .&4@wVHR

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Chapter 5 International Monetary Systems

Chapter 6 Price Surprises

Zoom lecture on March 26

 

Meeting recording:

https://uzh.zoom.us/rec/share/HeearuuBrhTLAQnGGNqdevXdfoBRoKAHGBTT7ecCTLcC9XFzqPf1hYxXrM2oNLS6.SjRp-DIJEkBs4EyN

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:

https://uzh.zoom.us/rec/share/gZXyVRYgQHDvcSyM_fxK3DDNjHt-bN6UzPQ4BAENeG26S9SBzs6Kbc_jscSFcRa_.7L_azMV7J840wjiI

Access Passcode: 99$qcnYp

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Chapter 3 Barter and Commodity Money

Zoom lecture on March 12

Meeting Recording:

https://uzh.zoom.us/rec/share/s44M8otrvOKfStC0olQSjJKxp_wIMhlLbsE7FlJ1HREyJDcnThbd0bUhKB4yOaS4.1v3Clgve2TgED6Fe

 

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:

https://uzh.zoom.us/rec/share/Wsl6OkWRTcSVS3x8Dqrsp5lFHkTPxCgf7SPT2rid9-ju5KZREVvoQ2gGlp7UFcLH.0zKZeYoZh3Gj9Di1

Access Passcode: @S+z3ShH

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Slides on February 26

 

Zoom lecture on February 26

Meeting Recording:

https://uzh.zoom.us/rec/share/x0_EBlbDwC_mGQdOdr7rPB9IpoA4oK29DWGwvpRrLq20f7XZsZPFPVjUYKJIBPzR.7RYITk0ykGr2j5Q9

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