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Lecture Notes in Macroeconomics

Lecture Notes in MacroeconomicsJohn C. DriscollBrown University and NBER1 December 21, 20031 Department of Economics, Brown University, Box B, Providence RI 02912. Phone(401) 863-1584, Fax (401) 863-1970, web:http:\\ \ Copyright John C. Driscoll, 1999, 2000, 2001. All rightsreserved. Do not reproduce without permission. Comments welcome. I especiallythank David Weil, on whose Notes substantial parts of the chapters on Money andPrices and Investment are based. Kyung Mook Lim and Wataru Miyanaga provideddetailed corrections to typographical errors. Several classes of Brown students haveprovided suggestions and corrections. All remaining errors are Money and Definitions .. Prices .. Money .. The History of Money .. The Demand for Money .. The Baumol-Tobin Model of Money Demand .. Money in Dynamic General Equilibrium .. Discrete Time .. Continuous Time .. Solving the Model .. The optimum quantity of money.

The lecture notes combine the approaches of and adapt materials in both books. † References in the notes refer to articles given on the reading list. With few exceptions, the articles are also summarized in Romer or Blanchard and Fischer.

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