and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing … for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing … basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …

banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of … money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find …

assets on labor market volatility and on the effectiveness of fiscal policy, respectively. In Chapter 6, I analyze the …

) values, and against a backdrop of very low interest rates, sustained household expenditure. The saving rate rose slightly in …

played a minor role in driving fluctuations in nonresidential fixed investment other than investment in mining. … consumption to energy price increases and decreases. This finding has important implications for empirical and theoretical models … of the transmission of energy price shocks. I then quantify the direct effect on real consumption of (1) unanticipated …

conclusions are shown to depend critically on representations of money and government finance that bear little resemblance to … those found in modern capitalist economies, where money supply is determined endogenously and central banks target short …

-driven banking. Investment-grade companies have become more reliant on direct financing and less reliant on intermediated financing …