This text develops a dynamic stochastic general equilibrium model of money using a cash-in-advance constraint and endogenous production as in the real business cycle literature. The costs of inflation and optimal monetary policy, the impact of labor and capital taxes and as well…
"This text is aimed at a Master's level course in Macroeconomics with a strong emphasis on the theoretical underpinnings and computational methods used in modern macro. It is well suited to the first semester of a Ph.D. course in Macroeconomics or a high-level undergraduate cour…