Monetary Macroeconomics - Spring 2019
Course information
Lectures
Lecture 1 on February 22
Lecture 2 on March 1
Lecture 3 on March 8
Lecture 4 on March 15
Lecture 5 on March 22
Lecture 6 on March 29
Lecture 7 on April 5
Lecture 8 on April 12
Lecture 9 on May 3
Lecture 10 on May 10
Lecture 11 on May 17
Lecture 12 on May 24
Review on May 31
Required
reading
"Some Monetary Facts" by George Mccandless Jr and Warren Weber , 1995, Quarterly Review, Vol. 19, No. 3, Federal Reserve Bank of Minneapolis
https://www.minneapolisfed.org/research/quarterly-review/some-monetary-facts
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
Swiss National Bank in Brief (pages 1-20)
Speech by Andréa M. Maechler (pages 1-4)
Suggested reading
"Monetary facts revisited" by Pavel Gertler and Boris Hofmann, BIS Working Paper, No. 566, June 2016
"Money is memory" by Narayana Kocherlakota, Journal of Economic Theory, 1998
"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
The Indian coin that set off millions of messages", by Justin Rowlatt, BBC Online, 21 February 2018
Correlation does not imply causality, charts at tylervigen.com
Money in the digital age: what role for central banks?
Lecture by Agustín Carstens, General Manager of the BIS, 2018
Guidelines of the Swiss National Bank on monetary instruments
"Bank runs, deposit insurance and liquidity" by Douglas Diamond and Philip Dybvig, Journal of Political Economy, Vol. 91(3).
"Some unpleasant monetarist arithmetic" by Thomas Sargent and Neil Wallace, Federal Reserve Bank Quarterly Review, No. 531, 1981.
"On the determinants of Original Sin: an empirical investigation" by Ricardo Hausmann and Ugo Panizza, Journal of International Money and Finance, 2003.