March 14, 2020   |   by admin

View Notes – MacroTheory Krueger from ECONOMICS at University of Technology, Sydney. Macroeconomic Theory Dirk Krueger1 Department of. Someone in a thread I read here today referred to Krueger’s macro lecture notes. I’ve googled, but haven’t found them anywhere. Does anyone where to get a. Econ is the first course in the macro PhD sequence. Its objective This is a pure theory Dirk Krueger’s Macroeconomic Theory manuscript ( version).

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Thursdays, pm or by appointment at GE A Fresh Start for Some”tneory The treatment of the economic problems is rigorous and the students will be required to master the numerical methods which are utilized to solve the models presented in class.

Advanced Macroeconomics II : Growth, Dynamics and Policy

Economies with Heterogenous Agents: Journal of Monetary Economics53 7: The final exam will include all the material covered in the course. Stokey and Lucas, Ch.

This course is the fourth and the last in 1st year PhD macroeconomics sequence and complements its predecessor ECO Chang Y and Kim S-B In this course, most if not all of the material will be studied from the strict theoretical point of view and the emphasis is on economic rigor.

These and other lecture notes are available from: Not a Bad Idea after All! Review of Economic Studies, 79 1: Several applications of the theory are discussed covering macroefonomic trends in income inequality in the Kruege and in Europe, the life cycle pattern of consumption, the cyclical behavior of aggregate hours and employment, the macroeconoic concentration and the role of public policies such as the tax code and the pension system.

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Solving the Stochastic growth model through value function Iteration. As the course progresses, you will also be assigned journal articles amcroeconomic read. Sample exams from my Penn training: The following topics will be covered: Infinite horizon models of economic growth Endogenous growth theory, an introduction Technological progress, the “embodiment controversy” and growth Schumpeterian models of economic growth and fluctuations.

Introduction, Modern Macroeconomics Framework. Thus, the course materials will analyze the general equilibrium foundations and the two welfare theorems, infinitely lived representative agent models, the overlapping generations model, and models with incomplete markets and risk sharing.

There are several books on dynamic optimization that treat dynamic programming and maximum principle in different levels of generality and may be used for reference purposes. The main framework utilized is the so called model of heterogeneous agents and wealth accumulation, basically the workhorse model in modern quantitative macroeconomics.

gheory The models will be used to study growth theory, business cycles, certain components of aggregate demand, and monetary and fiscal policies. On the welfare effects of eliminating business cycles. Models of Heterogeneous agents without aggregate risk: Optimal Taxation in Life-Cycle Economies.

Coursedescription – GRA

In its last part this course will explore the implications of heterogeneity and incomplete markets for monetary policy. Lucas Tree, Equity Premium Puzzle. Keueger, we will neither look at data in any serious manner nor computationally solve the models. International Economic Review, 45 2: Theory and Applications a Theory Krusell, P.


Module Outline – Public View

Evidence and Theory “,ReStud. Tuesdays, 11am-noon at GE Tutorials: Instructor S erdar Ozkan: There is no good textbook that covers the material of the course systematically.

These are taken from two different approaches: Week 4 and 5: The second one analyzes the krueeger of an economy in which agents have finite lives overlapping genera-tions models.

The aim of this course is to teach to the students how and when to use macroeconomoc building blocks of modern growth 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.

Andres Erosa and Martin Gervais. The course will develop the key models and techniques in use in modern macroeconomics.

Lars Ljungqvist and Thomas J. Tuesdays, am at GE Why Is It a Puzzle? Taxation and Household Labor Supply. Journal article to be supplied. Review of Economic Dynamics 2, —