Lectures on Monetary Policy

Giovanni Di Bartolomeo

First Term, Wednesday and Thursday, 14.00-16.00. Aula Marrama, Faculty of Economics [Ed. RM019], 6th floor.

Classes

Introduction

• Empirical Evidence 

• The Neutrality Debate

  • Self Assessment #1 [delivery  Tuesday, 17 October 2023, 10:35 am]

  • Self Assessment #2 [delivery  Thursday, 19 October 2023, 10:35 am]

The Real Business Cycle Approach

• DSGE Foundations

• Solving the Model (by paper& pencil and with the computer)

  • Team Homework #1 [extra time delivery Thursday, 19 October 2023, 12:00 am]

• Introducing Money

  • Self Assessment #3 [delivery  Thursday, 19 October 2023, 10:35 am]

  • Self Assessment #4 [delivery  Thursday, 19 October 2023, 10:35 am]

The New Keynesian Approach

• Old Keynesian Approach

• Blanchard and Kiyotaki Model (real rigidities)

  • Team Homework #2 [extra time delivery Sunday, 29 October 2023, 12:00 am]

• Woodford-Galì DSGE Model (nominal rigidities)

• Monetary Policy in the Woodford-Galì DSGE Model: Rules and REE Determinacy

• Welfare in the Woodford-Galì DSGE Model

• Optimal Monetary Policy in the Woodford-Galì DSGE model: Discretion vs. Commitment

Additional topics

• Ramsey's Approach and the Optimal Inflation Rate (Schmitt-Grohe and Uribe and Acocella, Di Bartolomeo and Tirelli's Extension) 

• Cagan's model

• The monetary union and the ECB's policies

Teams

1.  Blues: Nicoló Ullo and Alessandro Muolo.

2.  Gunners: Luigi Serio, Andrea Recine, and Edgar Najem.

3.  Spurs: Riccardo Casullo, Federico Gabriele, and Sebastiano Martelli. 

4.  Red Devils. Enzo Adrian Casella

5.  Villans. Niccolò Piccoli and Adam Skarda.

6.  Reds. Gianluca Sanchirico and Simone Mina. 

7.  Hammers. Enzo Adrian Casella.

8.  Wolves. Francesca Pia Iacolare, Simone Iudice, Davide Mascioli .

9.  Saints. Giordano Palombini, Jessica Agostini, Sara Licciardi.