Monetary Theory and Policy Workshop
The purpose of this workshop is to understand basic models in contemporary Monetary Theory and Policy.
(Deep) background readings:
- Patinkin, D. (1956) Money Interest and Prices Row, Peterson & Co
- Friedman, M., and Schwartz, A., (1963) A Monetary History of the United States 1867-1960, Princeton
- Woodford, M., (2003) Interest and Prices, Princeton
Textbook:
- Walsh, C.E., (2010) Monetary Theory and Policy MIT Press, 3rd edition
Problem sets:
- Walsh
- Iacoviello
Readings on methods:
- Origins of VAR – Friedman & Meiselman (1963); Lucas (1976); Sims (1980)
- VAR – McCandles & Weber (1995); Bjornland (2000)
- Narrative measures – Romer & Romer (1990)
- Case studies – Sargant (1986)
- Origins of DSGE – Kydland & Prescott (1982)
- DSGE and Central Banks – Smets & Wouters (2002, 2007)
- DSGE – Sbordone et al. (2010); Dotsey (2013); Romer (2011, Chapter 7)
- After DSGE – Solow (2008); Blanchard (2016)
Two lectures on methods:
Other readings:
- McCallum, B.T., (2002) “Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence” Federal Reserve Bank of Richmond
Courses:
- Matteo Iacoviello’s Macro Theory II
- Jean-Paul Lam’s Topics in Money and Finance
- EcoMod Modelling School
Training programs:
- Bank of England’s Centre for Central Banking Studies
- University of Surrey Centre for International Macroeconomic Studies (SIMS) Introductory Course on DSGE Modelling | Foundations of DSGE Modelling