Professor Stephanie Schmitt-Grohe
E-mail: grohe@duke.edu
Office Hours: T 10-Noon,Social Sci 221A
Professor Martin Uribe
E-mail: uribe@duke.edu
Office Hours: T 10-Noon, Social Sci
221
TA: Sarah Zubairy
E-mail: sarah.zubairy@duke.edu
Office Hours: T 1:30-2:30pm, Social Sci 02D.
Meetings: Wednesdays 10:05-12:35pm, Social Sci 02A.
Course Description: Economics 153 is a field course in Monetary Economics. The course develops a number of theoretical frameworks for the analysis of the determinants of the price level and the rate of inflation including ones in which monetary disturbances have real effects, that is, theoretical frameworks in which money can be nonneutral. These theoretical frameworks are then used as the basis for the discussion of the relationship between money growth and inflation, monetary stabilization policy, exchange rate policy, and the interaction between monetary and fiscal policy.
Texts: The text for the course is Bruce Champ and Scott Freeman, Modeling Monetary Economics, Second Edition, Cambridge University Press, 2001. The other material listed on the syllabus will be available on E-reserve.
Midterm Exam: Wednesday, October 18, 2006 in class.
Final Exam: Tuesday, December 12, 2006, 7-10pm.
Homeworks
Homework 1
Homework 2
Homework 3 Download NYT article
How Bad Is Inflation in Zimbabwe?
Homework 4
Homework 5
Homework 6
Homework 7
Homework 8
Homework 9