Teaching

Macroeconomics and Economic Policy -   BESS

(a.y. 2023-24)

1. History of Macroeconomics: from Keynes to Lucas.  A Scientific Revolution.

2. The Debate on the Great Depression.

3.  Rational Expectations and the Fundamental Limits to Policy.

4. Business Cycles, Imperfect Information and the Effects of Money on Output.

5. The Two-Period Intertemporal Model. Partial vs. General Equilibrium.  Consumption and Saving. Ricardian Equivalence Theorem.

6. The New Keynesian Model. Optimal Monetary Policy.

7. Credibility, Inflation Bias and Time Inconsistency

8. Financial Panic and Bank Runs

9. Liquidity Traps

 - Lecture notes July 2023