Fall, 2000

1. Lecture notes on Handbook Chapter on VAR Analysis.

(Handbook Chapter)

2. Lecture notes on Constructing a Monetary Model ('Money: Facts and Frictions')

(VERY technical appendix to lecture notes on constructing a Monetary Model)

3. Approximating the Solution to a Model by Linearization.

Homework #1

Homework #2 (background reading: Clarida-Gali-Gertler, Woodford)

Homework #3 (background reading: Christiano-Harrison)

4. Monetary Policy in the Absence of Commitment.

Also: Ireland, Does the Time Consistency Problem Explain the Behavior of Inflation in the United States?.

5. Monetary Policy in a Small Open Economy. Lecture notes. Paper.