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14.462 is the second semester of the second-year Ph.D. macroeconomics sequence.
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English
English [CC]
FREE
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Description
The course is intended to introduce the students, not only to particular areas of current research, but also to some very useful analytical tools. It covers a selection of topics that varies from year to year. Recent topics include:
- Growth and Fluctuations
- Heterogeneity and Incomplete Markets
- Optimal Fiscal Policy
- Time Inconsistency
- Reputation
- Coordination Games and Macroeconomic Complementarities
- Information
Course content
- Commitment, Coordination, and Expectation Traps Unlimited
- Idiosyncratic Investment (or Entrepreneurial) Risk in a Neoclassical Growth Model Unlimited
- Self Insurance and Risk Taking Unlimited
- Complementarities and Coordination Unlimited
- Morris-Shin and Global Games Unlimited
- Aiyagari and Krusell-Smith Unlimited
Instructor
Massachusetts Institute of Technology
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