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“Fiscal and Monetary Policies,” Bern, Spring 2019

Summary:
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: Concepts. RA model with government spending and taxes. Government debt in RA model. Government debt and social security in OLG model. Neutrality results. Consolidated government budget constraint. Fiscal effects on inflation. Game of chicken. FTPL. Active and passive policies. Tax smoothing. Time consistent policy. Sovereign debt.

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Dirk Niepelt writes “Fiscal and Monetary Policies,” Bern, Spring 2024

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.
Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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