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“Fiscal and Monetary Policies,” Bern, Spring 2021

Summary:
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. Page with more information about the book and exercises. Uni Bern’s official course page. Zoom link is posted on ILIAS page. 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 2022

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. Page with more information about the book and exercises. Uni Bern’s official course page. Zoom link is posted on ILIAS 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.
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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