Macroeconomics (advanced level) (Alexey Devyatov)
Block 6. Money, inflation and optimal monetary policy
The block addresses the following questions:
- Quantity theory of money.
- Neutrality and superneutrality of money.
- Sidrauski model.
- Optimal monetary policy in Sidrauski model.
- Friedman rule.
- Cagan model of hyperinflation.
- The role of expectations in monetary dynamics.