Archive Page for ECON 430, Monetary Theory.
Link to course on Canvas
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Empirical paper instructions - NOTE: You do not have to write an empirical paper.
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Note on plagiarism - What is Plagiarism? - Do not try to pass off others’ work or ideas as your own. Learn what plagiarism is. You can lose your degree, or your job even decades after the fact. So, even if I do not catch you, but someone else does at some point in the future it can come back to haunt you.
Semester Long Paper Topics
Please read the description of recommended paper topics on Canvas.
Unit 1
Lecture 1
- Handa: Chapter 1
- Bagehot: Lombard Street
- Complete book is supplemental for those interested in writing papers on the history of central banking.
- Young: Edifice of Credit
- Bain & Howells: Chapters 1 & 2
- Goodhart: Intro & Chapter 7
- Champ & Freeman: Chapter 2
- APM Marketplace: Cash Hoarding by Firms
Lecture 2
- Snowdon and Vane: Chapter 1
- Graeber: Debt Chapter 1
- Hume: Of Interest
- Hume: Of Money
- Keynes: A Tract on Monetary Reform
- Akerlof & Shiller: Animal Spirits Ch 4
- Bernanke: On Monetarism & Rules
- Coinmarketcap: 760+ ‘currencies’ as of 9/16, 1380+ as of 1/18, and 8,281 as of 1/21.
Lecture 3
- Champ & Freeman: Chapter 12
- Homework 1: Not graded or handed in
- Akerlof & Shiller: Animal Sprits Ch and Appendix
Unit 2
Lecture 4
- Bain & Howells: Chapter 1 & 2
- Mishkin: Understanding Interest Rates
Lecture 5
- Neveu: Book Chapter
- McLeay et al.: Money Creation in the Modern Economy and a similar Introduction
- Fed Balance Sheet: 2006 and 2009
- Fed Domestic Open Market Operations 2008 and 2009
- Edwards: Open Market Operations in the 90s
- Homework 2: Not graded or handed in
Lecture 6
- Champ & Freeman: [1 & 3]
Lecture 7
- Champ & Freeman: [1 & 3]
Lecture 8
- Champ & Freeman: [1 & 3]
Lecture 9
- Champ & Freeman: [1 & 3]
Unit 3
Lecture 10
- Bain & Howells: Ch 3
- Keynes Beauty Contest
Lecture 11
- Bain & Howells: Ch 3
Lecture 12
- Bain & Howells: Ch 3
Lecture 13
- Bain & Howells: Ch 2 & Ch 4
Unit 4
Lecture 14
- Bain & Howells: Ch 5 & Ch 6
- Champ & Freeman: Ch 5
- Lucas 1972
- Mishkin on Expectations
- Akerlof & Shiller: Chapter 9 on Phillips Curve
Lecture 15
- Bain & Howells: Ch 5 & Ch 6
Lecture 16
- Bain & Howells: Ch 5 & Ch 6
- Homework 4: Not graded or handed in
Lecture 17
- Bain & Howells: Ch 8
- Minsky: Can It Happen Again?
- Minsky: Financial Instability Revisited
- Kindleberger: Chapter 2 of Manias, Panics and Crashes
Lecture 18
- Bain & Howells: Ch 9 & Ch 12
Other Useful or Interesting Materials
The 2008 Meltdown described by PBS Frontline. If you didn’t pay attention back in 2008 when you were like 4 years old… you should take the time to watch this movie.
Watch this video if you want to have a better understanding of the securitization process: The Crisis of Credit Visualized
Ace Greenberg on the Failure of Bear two years after
The Bloomberg interview is summarized here on the New York Times “Dealbook” site. See 10:00 mark for story on the “Spy”, “Weasel”, and the “Ferret”