Monetary economics

1. What is Hall’s model? (10 marks) 2. What are the main ideas behind monetarism? (10 marks) 3. What are the main ideas behind the New-Keynesian approach? (13 marks) 4. What was the main goal of monetary policy before the crisis? (10 marks) 5. What are its new goals after the crisis? Why? (13 marks) 6. How have the new goals been implemented? (10 marks) 7. What is the main problem with financial regulation (or banking policy) in general and specifically following the article? (10 marks) 8. What is/are the main ingredient(s) of the new paradigm according to the authors? (10 marks) 9. Contemplating the current developments after the paper’s written. What is your own interpretation on the current monetary paradigm? (14 marks)