Econ 714 Ph.D. Macroeconomic Theory II (2017)
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Jan. 20: No discussion section.
Jan. 27, Handout 1: Mortensen & Pissarides, McCall. Solution.
Feb. 3: Handout 2: McCall, State contingent claims and Lucas tree. Solution. Alternative McCall solution.
Feb. 10: Handout 3: Lucas tree, Arrow-Debreu. Solution.
Feb. 17: Handout 4: Fiscal policy, Optimal taxation and Ramsay. Solution.
Feb. 24: Handout 5: Money in Utility and Cash in Advance (CIA). Solution
Mar. 3: Handout 6: Log linearization and searching for houses. Solution.
Mar. 10: No discussion section.
Mar. 17: Handout 7: Dynare. Solution. Dynare: Analytical steady state. Steady state guesses.
Mar. 24: No discussion section. (Spring break)
Mar. 31: Handout 8: Kalman filtering. Matlab code.
Apr. 7: Handout 9: RBC cookbook. Solution. Matlab code to plot the IRFs
Apr. 14: Handout 10: Marginal and average q. Solution. Hayashi (1982, Econometrica)
Apr. 21: Handout 11: Fixed adjustment cost. Solution. Figure 1, Figure 2
Apr. 28: Handout 12: Kyotaki and Moore. Solution.
Extra material (possibly helpful):
Feb. 8: Problem set 1: Labor search and Lucas tree. Solution.
Feb. 22: Problem set 2: Lucas tree, Ramsay, Private Information. Solution.
Mar. 8: Problem set 3: CIA, money-search, and the New-Keynesian model. Solution.
---- Problem sets and solutions for Prof. Athalay is on the course website
Mar. 8: Final: Ramsay with consumption taxes and monetary search. Solution.
Instructors: Noah Williams and Enghin Atalay.
Lectures: Monday and Wednesday from 11:00-12:15, Sterling Hall 1313.
TA office hours: Wednesday 14:30 to 15:30, Sewell Social Sciences 6413.
11:00-11:50: Sterling Hall 2339.
13:20-14:10: Sewell Social Sciences 6113.
14:25-15:15: Sewell Social Sciences 6113.
Previous TA's and helpful links:
Anton Babkin (Spring 2016). 2016 was the first year with the current curriculum.
Kyle Dempsey (Spring 2014).