Monetary Theory and Policy Workshop


The purpose of this workshop is to understand basic models in contemporary Monetary Theory and Policy.

Background readings:

  • Patinkin, D. (1956) Money Interest and Prices Row, Peterson & Co
  • Woodford, M., (2003) Interest and Prices, Princeton
  • Friedman, M., and Schwartz, A., (1963) A Monetary History of the United States 1867-1960, Princeton


Introductions to DSGE models:

Problem sets:


Training programs:


Other readings:

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Software links:

Methods of assessing unconventional policies on financial markets:

  • (i) Event studies
  • (ii) Regressions (VAR)
  • (iii) Model simulation