Category Archives: Teaching

“Fiscal and Monetary Policies,” Bern, Spring 2020

MA course at the University of Bern.

The classes follow selected chapters in the textbook Macroeconomic Analysis (MIT Press, 2019) and build on the material covered in the macro II course which follows the same text. Table of contents of the book. Uni Bern’s official course page.

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. Tax smoothing.
  10. Time consistent policy.
  11. Sovereign debt.

“Macroeconomics II,” Bern, Fall 2019

MA course at the University of Bern.

Time: Wed 10-12. KSL course site. Course assistant: Christian Wipf.

The course introduces Master students to modern macroeconomic theory. Building on the analysis of the consumption-saving tradeoff and on concepts from general equilibrium theory, the course covers workhorse general equilibrium models of modern macroeconomics, including the representative agent framework, the overlapping generations model, and possibly the Lucas tree model. Lectures follow chapters 1–4 (possibly 5) in these notes.

“Fiscal and Monetary Policies,” Bern, Spring 2019

MA course at the University of Bern.

The classes follow these notes and build on the material covered in the macro II course. Uni Bern’s official course page. The course TA is Lukas Völlmy.

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. Tax smoothing.
  10. Time consistent policy.
  11. Sovereign debt.

“Macroeconomics II,” Bern, Fall 2018

MA course at the University of Bern.

Time: Wed 10-12. KSL course site. Course assistant: Lukas Voellmy.

The course introduces Master students to modern macroeconomic theory. Building on the analysis of the consumption-saving trade off and on concepts from general equilibrium theory, the course covers workhorse general equilibrium models of modern macroeconomics, including the representative agent framework, the overlapping generations model, and possibly the Lucas tree model. Lectures follow chapters 1–4 (possibly 5) in this text and appendix.

“Fiscal and Monetary Policies,” Bern, Spring 2018

MA course at the University of Bern.

The classes follow chapters 11–13 in this text (updated: April 5) 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.

“Macroeconomics II,” Bern, Fall 2017

MA course at the University of Bern.

Time: Wed 10-12. KSL course site. Course assistant: Christian Myohl.

The course introduces Master students to modern macroeconomic theory. Building on the analysis of the consumption-saving trade off and on concepts from general equilibrium theory, the course covers workhorse general equilibrium models of modern macroeconomics, including the representative agent framework, the overlapping generations model, and possibly the Lucas tree model. Lectures follow chapters 1–4 (possibly 5) in this text.

“Fiscal and Monetary Policies,” Bern, Spring 2017

MA course at the University of Bern.

The classes follow chapters 11–13 in this text (updated April 12, 2017) 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.

“Fiscal and Monetary Policies,” Bern, Spring 2016

MA course at the University of Bern.

The classes follow section 5 in these notes and build on the material covered in section 2. Uni Bern’s official course page.

Main contents of lectures:

  1. Concepts. RA model with government spending and taxes.
  2. RA model: Equilibrium with lump sum or distorting taxes.
  3. Government debt in RA model.
  4. Government debt and social security in OLG model.
  5. Consolidated government budget constraint [2 lectures].
  6. Neutrality results in CIA model.
  7. Game of chicken. FTPL. Active and passive policies.
  8. Tax smoothing (Barro 1979).
  9. Tax smoothing (Lucas and Stokey 1983) [2 lectures].
  10. Time consistent tax policy (Lucas and Stokey 1983).
  11. Time consistent debt policy: Sovereign debt.
  12. Time consistent monetary policy (Barro and Gordon 1983) [time permitting].

“Fiscal and Monetary Policies,” Bern, Spring 2015

MA course at the University of Bern.

The classes follow section 5 in these notes and build on the material covered in section 2. Uni Bern’s official course page.

Update (April 22, 2015)—Main contents of lectures:

  1. Concepts. RA model with government spending and taxes.
  2. RA model: Equilibrium with lump sum or distorting taxes.
  3. Government debt in RA model.
  4. Government debt and social security in OLG model.
  5. Consolidated government budget constraint [2 lectures].
  6. Neutrality results in CIA model.
  7. Game of chicken. FTPL. Active and passive policies.
  8. Tax smoothing (Barro 1979).
  9. Tax smoothing (Lucas and Stokey 1983) [2 lectures].
  10. Time consistent tax policy (Lucas and Stokey 1983).
  11. Time consistent debt policy: Sovereign debt.
  12. Time consistent monetary policy (Barro and Gordon 1983) [time permitting].

“Makroökonomie I (Macroeconomics I),” Bern, Fall 2012

Undergraduate course at the University of Bern.

Lectures are held in German and cover the following topics: Einfühung; IS-LM; Arbeitsmarkt; AS-AD; Phillips; Erwartungen; Aussenhandel, Kapitalverkehr, Wechselkurse; Gütermarkt in der offenen Volkswirtschaft; Mundell-Fleming; Währungspolitik; Staatsverschuldung; Wachstum (Empirie); Solow; Technischer Fortschritt. Lectures follow these slides (in German): Part 1, part 2, part 3. Time: Wed 12-14. University course site. Exam: See university course site for date, time, location. Course assistant: Sarah Fischer.

“Makroökonomie I (Macroeconomics I),” Bern, Fall 2011

Undergraduate course at the University of Bern.

Lectures are given in German and cover the following topics: Einführung; IS-LM; Arbeitsmarkt; AS-AD; Phillips; Erwartungen; Aussenhandel, Kapitalverkehr, Wechselkurse; Gütermarkt in der offenen Volkswirtschaft; Mundell-Fleming; Währungspolitik; Staatsverschuldung; Wachstum (Empirie); Solow; Technischer Fortschritt. Lectures follow these slides (in German): Part 1, part 2, part 3. Time: Wed 13-15. University course site. Exam in January and February 2012; see university course site for date, time, location. Course assistant: Andreas Bachmann.

“Macroeconomics II,” Bern, Fall 2010

MA course at the University of Bern.

Lectures and exercises follow these notes (September 1, 2010). Dates and times: Wed 10-12 and 14-16. Rooms: See university course site. Exam date, time, location: December 22, 2010, 12-14, Nr.220 / 2.OG West (Universität Bern, Hochschulstrasse 4). Retake exam date, time, location: February 16, 2011, 14-16, HS 114. Office hours arranged on an individual basis.