Welcome to the Homepage for ECON 430, Monetary Theory. Below you will find links to course reading materials, interesting links, and other information I’ve pulled together from the Internet. If you have anything you think would be worth adding, please let me know.

Link to course on Canvas

Syllabus Paper Layout, Citation, and Style Guide Empirical Paper Instructions - NOTE: You do not have to write an empirical paper. 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, 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.

Section 1

Lecture 1

Lecture 2

Lecture 3

Section 2

Lecture 4

Lecture 5

  • Mishkin (Custom book): Chapter 1, Understanding Interest Rates

Lecture 6

Lecture 7

  • Champ & Freeman (2001): Chapter 1

Lecture 8

  • Champ & Freeman (2001): Chapter 1

Section 3

Lecture 9

  • Champ & Freeman (2001): Chapter 1, Chapter 1 Appendix, and Chapter 3

Lecture 10

Lecture 11

  • Bain & Howells: Chapter 3

Lecture 12

Lecture 13

  • Bain & Howells: Chapters 2 & 4
  • Exercise 3 (not graded or handed in)

Section 4

Lecture 14

  • Bain & Howells: Chapter 6
  • Champ & Freeman: Chapter 5
  • Lucas (1972)
  • Mishkin (Custom): Chapter 8, The Role of Expectations in Monetary Policy
  • Phillips Curve: Chapter 9 in Akerlof and Shiller's Animal Spirits

Lecture 15

Lecture 16

  • Bain & Howells: Chapter 5
  • Exercise 4 (not graded or handed in)

Lecture 17

Lecture 18

  • Bain & Howells: Chapters 9 & 12

Previous Recession Descriptions with Audio and Graphics by the New York Times

The 2008 Meltdown described by PBS Frontline. If you didn’t pay attention back in 2008, you should take the time to watch this movie.

PBS “Inside the Meltdown

Watch this video if you want to have a better understanding of the securitization process.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

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”