Advanced macroeconomics

Key facts.

Advanced macroeconomics lecture notes

In its last part this course will explore the implications of heterogeneity and incomplete markets for monetary policy. On the optimal progressivity of the income tax code. The problem sets will be discussed by the class teachers. All coursework is resubmittable. American Economic Journal: Macroeconomics, Vol. Teaching 20 hours of lectures and 10 hours of seminars in the MT. Reconstructing macroeconomics: Structuralist proposals and critiques of the mainstream. These are taken from two different approaches: the first one considers that agents have an infinite hori-zon. On the welfare effects of eliminating business cycles. There will also be computer assignments. This course teaches you prototype versions of macroeconomic models used to analyse key questions related to business cycles and economic growth. Financialization and the world economy. Krusell, P. Review of Economic Studies, July , vol. A critical companion.

The problem sets will be discussed by the class teachers. Theory and Applications a Theory Krusell, P.

Advanced macroeconomics

Storesletten and Violante, G. The course will teach you the main empirical business cycle characteristics of developed economies and the main empirical findings regarding the growth of developed and less developed nations. In particular, the course will focus on techniques such as dynamic programming, value function iteration, and the linearization of first-order conditions. The problem sets will be discussed by the class teachers. Teaching 20 hours of lectures and 10 hours of seminars in the MT. Key facts. These are taken from two different approaches: the first one considers that agents have an infinite hori-zon. Review of Economic Studies, July , vol. Sargent, , Recursive Macroeconomic Theory. Capital and Labor Taxation.

Financialization and the world economy. Further guidance on reading, and an extended list of articales, will be provided in lectures. Course content Course objectives and main course elements: 1.

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This course is not available as an outside option. American Economic Review, 99 1March The course will teach you the concepts used in empirical and theoretical macroeconomics.

Advanced macroeconomics pdf free download

Ljungqvist, Lars and Thomas J. All coursework is resubmittable. Further guidance on reading, and an extended list of articales, will be provided in lectures. The main framework utilized is the so called model of heterogeneous agents and wealth accumulation, basically the workhorse model in modern quantitative macroeconomics. It provides a critical overview and in-depth analysis of advanced contemporary macroeconomic theories, methods and policy debates. Sargent, , Recursive Macroeconomic Theory. Beyond the methodological side, the content of this course is motivated by the microeconomic data and the course itself discusses several interesting economic phenomena related to household decisions and their impact on the macroeconomy.

Content Main themes: This course presents an in depth analysis of the impact of heterogeneity in the macro-economy. Krusell, P.

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Journal of Economic Theory, 2 ,

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Advanced Macroeconomics II : Growth, Dynamics and Policy