Macroeconomics 4: Monetary Policy and Business Cycles


Basic Information

  • Organizer: University of Helsinki
  • Location: Helsinki, Arkadiankatu 7, Economicum building, seminar room 3-4
  • Time schedule
  • The course includes 18 hours of lectures and 6 hours of exercises, a final exam and a possibility to retake the exam.

Teaching Staff

  • Instructor: Professor Antti Ripatti (University of Helsinki)
  • Teaching assistant: Lauro Carnicelli (University of Helsinki)

Topics and learning objectives

  • Understanding saddle-path stability, multiple steady-states
  • Monetary policy in a New-Keynesian model
  • Optimal policy: commitment and discretion
  • Extensions: open economy, liquidity trap and fiscal policy

Course Material

  • The course material will be posted on the course home page (see above)