EconomicsECON221A Advanced Methods in Macroeconomics I

Covers major issues in monetary economics, focusing on the core theoretical models employed in monetary economics. Topics include: money in general equilibrium; money-in-the-utility function approaches; cash-in-advance models; search-based models; welfare costs of inflation; optimal inflation tax; informational frictions in monetary economies; financial and credit frictions; nominal price and wage frictions; time-dependent and state-dependent models of price adjustment; and money in new Keynesian models. (Formerly Advanced Monetary Economics I.)


Prerequisite(s): ECON 205A, ECON 205B, and ECON 205C, or by permission of instructor. Enrollment is restricted to graduate students.



Quarter offered