Advanced macroeconomics ii

Lectures: 2 sessions / week, 1.5 hours / session

Recitations: 1 session / week, 1.5 hours / session

Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects.

The prerequisites for this course are 14.461 Advanced Macroeconomics I, 14.122 Microeconomic Theory II, and 14.452 Macroeconomic Theory II.

There are no official textbooks for this course. Please refer to the readings list.

The grade is based on the successful completion of 7 graded problem sets.

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