MacroII, Spring 2020
Schedule
Please note that all lectures will be held in Zoom, please see previously distributed Zoom invitations.
Assignments
Assignment 1
Due 18/5 at 13.15.
Assignment 2
Due 25/5, at 13.15.
Recommended exercises in Gali
Chapter 2: 2.1, 2.2 a, i. and b, i, 2.5
Chapter 3: 3.3, 3.4, 3.5, 3.7, 3.8.
Chapter 4: 4.1, 4.2, 4.3, 4.6
Reading list
Readling list spring 2020 (updated)
Lecture notes
Lecture 1: Motivation and a simple RBC model
Lln example - Gali equation 10
Euro area sample data
AWM data description
Matlab code
Lecture 2: The New-Keynesian model
Supplement with simple monopolistic flex-price foc
NK model the Woodford way
Lecture 3: Solving RE models
Solving RE models
Analytical attempt to replicate Gali
Dynare attempt to replicate Gali
Ssolve, simplified version of the routine by Paul Klein
Lecture 4: Optimal monetary policy
Lecture 5: Extensions and research topics
Notes on log-linearization
For the course, it is enough to know Lemma 3 on page 5, this will be the method of choice.