“Fiscal and Monetary Policies,” Bern, Spring 2018

MA course at the University of Bern.

The classes follow chapters 11–13 in this text and build on the material covered in chapters 1–5. Uni Bern’s official course page. The course TA is Christian Myohl.

Main contents:

  1. Concepts.
  2. RA model with government spending and taxes.
  3. Government debt in RA model.
  4. Government debt and social security in OLG model.
  5. Neutrality results.
  6. Consolidated government budget constraint.
  7. Fiscal effects on inflation. Game of chicken.
  8. FTPL. Active and passive policies.
  9. Primal and dual approach.
  10. Tax smoothing.
  11. Time consistent policy.