Lecture plan
Book:
-
Gali, Jordi: Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications, 2015. 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 2017. Link.
- The Norges Bank Watch 2017 report.
- The Norges Bank Financial Stability Report 2016. Link.
Material will be 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.
- Carney, M: Lambda, 2017, Speech given at LSE.