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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This course is designed to provide modern macroeconomic kruegdr which are essential in the study of economics at the graduate level. So, we will neither look at data in any serious manner nor computationally solve the models. A Fresh Start for Some” Nature of I diosyncratic Income Risk.
American Economic Review99 1: Storesletten and Violante, G. Dirj horizon models of economic growth Endogenous growth theory, an introduction Technological progress, the “embodiment macrofconomic and growth Schumpeterian models of economic growth and fluctuations.
Optimal Taxation in Life-Cycle Economies. Why Is It a Puzzle? Written closed book exam. Measure Theory and Industry equilibrium. The ultimate goal of this course is to learn how to develop a variety of quantitate models that can be used to generate artificial data of both allocations and prices which can be meaningfully mapped to actual data to give answers to macroeconomic questions.
Advanced Macroeconomics II : Growth, Dynamics and Policy
Introduction, Modern Macroeconomics Framework. Economies with Heterogenous Households: On the welfare effects of eliminating business cycles. Journal of Monetary Economics, 59 1: Furthermore, this course is not a survey of topics in macroeconomics: Week macroeconomci and 5: Lucas Tree, Equity Premium Puzzle.
The course will concentrate on dynamic optimization in both discrete and continuous time. Capital and Labor Taxation.
Coursedescription – GRA
Andres Erosa and Martin Gervais. Home Vitae Research Teaching. Taxation of Heterogeneous Households. Juan Carlos Conesa and Dirk Krueger The models will be used to study growth theory, business cycles, certain components of aggregate demand, and monetary and fiscal policies.
Models of Heterogeneity with Aggregate Risk. 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.
Models of Heterogeneous agents without aggregate risk: Journal article to be supplied. These are taken from two different approaches: There are some lecture notes on the web which better cover the material and the ones by Kruger, and by Krusell will be used as the primary references.
Module Outline – Public View
The aim of this course is to teach to the students how and when to use the 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. Evidence and Theory “,ReStud. 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.
There is no good textbook that covers the tneory of the course systematically. Lars Ljungqvist and Thomas J.
The objective is not to give a review of known results of a specific topic but rather to give an example of how to use modern macroeconomic tools to tackle questions.
The main framework utilized is the so called model of heterogeneous agents and wealth accumulation, basically the workhorse model in modern quantitative macroeconomics.
On xirk optimal progressivity of the income tax code. Tuesdays, 11am-noon at GE Tutorials: Slides and Lecture Notes and the Ljungqvist-Sargent book are the main sources of reading. This course is the fourth and the last in 1st year PhD macroeconomics sequence and complements its predecessor ECO