Course syllabus for Econ 210A (graduate macroeconomics)
Course webpage for Econ 220B (graduate econometrics)
Course webpage for Econ 220E (Time-Series Analysis)
This case reviews the decision of a hypothetical bank short-term funds manager about when and how to satisfy the bank's reserve requirements. It briefly describes the four main markets for overnight funds - the federal funds market, Euros, repos, and the Fed discount window. The case presents examples of arbitrage and the efficient markets/random walk hypothesis, and why they may fail to hold in practice. The case can be used as a springboard for discussion of equilibrium in the Fed funds market and how monetary policy affects interest rates.
This case reviews the policy options for dealing with oil price shocks, with a particular emphasis on monetary policy. The oil shocks and policies adopted in 1973 and 1979 are reviewed, and the student is put in the position of advising President Bush on what economic policy to use to respond to Iraq's invasion of Kuwait in 1990.
Data and software to reproduce examples from my text, Time Series Analysis.