Introduction
Last week we saw SIM and SIMEX, and learned how to calculate the equilibrium values of this simple model.
This week, we’ll look at a model of a closed macroeconomy, which includes government money, and portfolio choice. We’ll see that it displays the ability to generate some very interesting macroeconomic phenomena.
Length: 1.5 Hours
Click the link below to download slides, handouts, homeworks, and your presentation slots.
Slides
Handoutslecture6_LN.pdf
Homework
Further Reading
Godley & Lavoie, chapter 4
Taylor, Chapter 5.
Presentation Slots