Dynamic Macroeconomics

For this course the syllabus and full course materials are available.

Syllabus

  • Introduction to Real-Business Cycle models and Matlab.
  • Calibration of the RBC model and solving nonlinear equations in Matlab.
  • Solution of the RBC model using the method of undetermined coefficients; implementation in Matlab.
  • Successes and failures of RBC models; introduction to Dynare.
  • Labour-market search and matching as an extension of the baseline model.
  • Classical monetary models and the simulated method of moments.
  • New Keynesian models: monopolistic competition, sticky prices and implementation in Dynare.
  • Shock dynamics in New Keynesian models and solution by simulated method of moments.
  • Bayesian estimation of New Keynesian models in Dynare.
  • Monetary policy: theoretical concerns and Bayesian model comparison.
  • Monetary policy: empirical evidence and structural VARs in Matlab.

Click here for the full course materials.