UNIVERSITY OF OXFORD M.Phil. in Economics Monetary Economics Lecturer: Efrem Castelnuovo efrem.castelnuovo@unipd.it Exam Reading list Problem Sets # 1 here. Due: Monday, 6 February 2012 # 2 here. Due: Monday, 20 February 2012 Course Material Syllabus Intro to the course RBC Models, NK Frameworks, and Stylized Facts A Classical Monetary Model The Baseline New-Keynesian Model Taylor Rule: Empirical Evidence NKPC: Empirical Evidence IS curve: Empirical Evidence Effects of a Monetary Policy Shock: DSGE vs. VAR Evidence A Medium Scale DSGE Model: Theory and Evidence The great moderation Refinements Additional Material Notes on Rational Expectations and Impulse Response Fuctions SVARs - Fabio Canova (Universitat Pompeu Fabra) Log-linearization - Eric Sims (University of Notre Dame) Real Business Cycle model - Eric Sims (University of Notre Dame) Baseline New Keynesian model - Eric Sims (University of Notre Dame) Derivation of the Smets-Wouters (2007) model Scientific background on the Nobel Prize in Economics 2011 Back to the main page