Lecture plan
Book:
Gali, Jordi: Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework, 2008. Princeton University Press.
Articles (changes may occur, and some additional articles may be added at a later time):
CEPR ebook on Forward Guidance (2013). Link
Christiano, L. J., M. Eichenbaum og C.L. Evans: Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, Journal of Political Economy, feb 2005, vol. 113, Issue 1, pp. 1-45.
Clarida, R., Galí, J. and Gertler, M. : Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory, 2000. Link.
Clarida, R. Gali, J. and Gertler, M.: The Science of New Monetary Policy - a Keynesian Perspective, 1999. The Journal of Economic Literature. Link.
Davig, T. and Leeper, E. : Generalizing the Taylor Principle. 2007. The American Economic Review. Link
The Norges Bank Monetary Policy Report 2015 Link.
The Norges Bank Watch 2015 report. Link.
Woodford, M. : Inflation Targeting and Financial Stability, 2011. Link.
Material distributed in connection with lectures.
Supplementary reading
Bullard, J. and Mitra, K.: Learning about monetary policy rules, 2002. Journal of Monetary Economics, volume 49, issue 6.
Cúrdia, V. and Woodford, M.: Credit Frictions and Optimal Monetary Policy, 2009. Link
Cúrdia, V. and Woodford, M.: Credit Frictions and Optimal Monetary Policy - Technical Appendix, 2009. Link
Cúrdia, V. and Woodford, M.: Credit Spreads and Monetary Policy, 2010. Link
Cúrdia, V. and Woodford, M.: Credit Spreads and Monetary Policy - Technical Appendix, 2010. Link