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.