Macroeconomics 4: Monetary Policy and Business Cycles (2019)

08/03/2019 12:00

Basic Information

  • Organizer: University of Helsinki
  • Location: Helsinki, Arkadiankatu 7, Economicum building
  • Time schedule (there might still be slight changes to this schedule)
    • Lectures: Mon 10-12 and Wed 14-16
    • Exercise sessions: Wed 10-12
    • Please note that all changes to this original schedule will only be posted on the course home page, see above)
  • The course includes 24 hours of lectures and 8 hours of exercises, a final exam and a possibility to retake the exam.

Teaching Staff

  • Instructor: Professor Antti Ripatti (University of Helsinki)
  • Teaching assistant: Ville Pikkarainen (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)