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Endogenous Money, Inflation and Welfare

According to our e-mail on December 4, 2008: The new exam will be arranged on Friday, January 9, 2009 at 09:00 a.m. in reading room A

here is the matlab code for problem set 6.

Call for applications to the doctoral programme at EUI: http://www.eui.eu/ECO/

The lecture notes for the lecture on November 19 and a summary of the key points covered in the second half of the semester have been posted.

Seminar 2 on November 20th will be held Auditorium 5 Eilert Sundts hus, 10:15-12.00

here is the problem set 6

The lecture notes for the lecture on November 13 has been posted.

The matlab code and the data file for assignment 5 have been posted.

The next lecture for Econ4310 will be held on November 13th, 6:15-800PM, at Auditorium 3.

The lecture notes for the lecture on October 29 has been posted.

I have corrected some typos on lecture notes for October 22nd.

here is the matlab code for problem set 4.

here is the problem set for lecture on October 22.

The lecture notes for the lecture on October 22 has been posted.

The lecture notes for the lecture on October 15 has been posted.

Matlab movies collected in one pdf file videos.pdf

Gjestekommentar om Statens langsiktige balanse i Dagens N?ringsliv i dag. Ved en feiltagelse utelot avisen denne figuren

here is the problem set for lecture 8 and 9.

Here is the lecture notes for October 8.

The syllabus is updated to include the teaching materials of the last six lectures.

Make-up seminar 3 Tue Oct 7 1615-1800. Room: ES1220

Solutions problem set 3 uploaded

A bottle of nice champagne to the one who publishes a reply Steinar Juel's op-ed in today's Dagens N?ringsliv where she/he clears up a few elementary misconceptions and conveys fundamental insights, like:

• So-called "rational expectations" is a consistency condition.
• It is a weak condition and the very opposite of "perfect foresight". Contrary to what people like Juel seem to believe, in a dynamic, stochastic model it implies that firms and individuals always are making mistakes.
• Competitive markets are not the same as laissez faire. On the contrary, under laissez faire markets would not be "competitive".
• So-called "representative agent" models try to account for the actions of individuals filtered through a set of (endogenously and exogenously given) institutions. Those institutions matter a lot.
• It is obvious that people might have certain biases. The set of long-...

No seminar on Tuesday Sept 30th.

Seminar on Thursday Oct 2nd moved to Auditorium 4.