Lecture Materials

Based on: Monetary Economics and Policy: A Foundation for Modern Currency Systems by Pierpaolo Benigno.

Order the Book: Princeton University Press | Amazon.

Authors: Pierpaolo Benigno, Marcos Consuegra Lopez, and Severin Rothen.

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📌 Overview

This repository contains the complete set of lecture slides (14 chapters) for courses in Monetary Economics. We are making the LaTeX source code public to allow instructors and students to adapt, edit, and reorganize the material for their own educational use.

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📂 Content

The material is organized into 14 chapters. You can access the PDFs for viewing or the .tex files for editing:

Part I: Currency and Money

• Chapter 1: The Value of Currency (PDF | .tex)
• Chapter 2: Cash as a Medium of Exchange (PDF | .tex)
• Chapter 3: Central Bank Digital Currency (PDF | .tex)
• Chapter 4: Private Money (PDF | .tex)

Part II: Stabilization Policies

• Chapter 5: The Benchmark New Keynesian Model (PDF | .tex)
• Chapter 6: An AS-AD Graphical Analysis (PDF | .tex)
• Chapter 7: Inflation Targeting as an Optimal Policy (PDF | .tex)
• Chapter 8: NK Model with a Banking Sector (PDF | .tex)

Part III: Crisis Models

• Chapter 9: Liquidity Trap (PDF | .tex)
• Chapter 10: Deleveraging and Credit Crunch (PDF | .tex)
• Chapter 11: Shortage of “Safe Assets” (PDF | .tex)

Part IV: Inflation

• Chapter 12: The Inflation-Unemployment Trade-Off (PDF | .tex)
• Chapter 13: Hyperinflation (PDF | .tex)

Part V: Conclusion

• Chapter 14: The Future of Monetary Policy (PDF | .tex)

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🛠 Technical Requirements

To compile the slides and ensure all content renders correctly, you must download the entire folder structure (Click the green Code button at the top right of this page and select Download ZIP).

💻 Recommended Compilation Environments

All chapters have been verified to compile perfectly using the following environments:

1. Free Online: TeXPage – Works perfectly.
2. Paid Online: Overleaf – The paid versions of Overleaf successfully compile the chapters.
3. Local Compilation: MiKTeX (Distribution) + TeXstudio (Editor).

📁 Dependencies

• Graphics & Figures: All images and graphs needed are stored within each chapter's individual folder inside the code/ directory.
• Bibliography: The sources.bib file must be loaded in your LaTeX environment for citations to appear.
• Cover: The Cover.png picture must be loaded in your LaTeX environment for the title slide to render correctly.

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⚖️ Usage & Attribution

These materials are provided for educational purposes. You are free to modify and redistribute the code, provided that:

1. Reference is made to the textbook by Pierpaolo Benigno.
2. Original attribution for the slides is given to Marcos Consuegra Lopez and Severin Rothen.
3. Any redistributed version clearly indicates if changes were made to the original content.