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Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models).
0
3
English
English [CC]
FREE
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Description
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.
Part 1 - Professor Blanchard
I. Shocks
II. Unemployment, Institutions, and Shocks
III. Dynamic Stochastic General Equilibrium Models (DSGE Models)
Part 2 - Professor Lorenzoni
I. Imperfect Information and Demand Shocks
II. Financial Frictions and Investment
III. Liquidity and Aggregate Activity
Course content
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- Vector Autoregression Models (VARs). Wold Representations and Their Limits Unlimited
- Structural VARs Unlimited
- A Few Major Shocks or Many? Factor Models Unlimited
- Technology versus Demand Shocks Unlimited
- The Great Moderation Unlimited
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- Basic (non-cyclical) Facts about Unemployment Flows Unlimited
- Flows, Bargaining, and Unemployment Unlimited
- Role of Institutions I: Employment Protection and the Labor Market Unlimited
- Role of Institutions II: Trust, Hold-ups, and Bargaining Unlimited
- “Culture” and Labor Market Outcomes Unlimited
- Cyclical Movements in Unemployment Unlimited
- Productivity Growth versus Unemployment. Trying to put Things Together Unlimited
- Day 1 Unlimited
- Day 2 Unlimited
- Day 3 Unlimited
- Countercyclical Liquidity Premia Unlimited
- Liquidation and Asset Prices Unlimited
Instructor
Massachusetts Institute of Technology
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1916
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