Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models).

0

3

October 22, 2022

English

English [CC]

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 Curriculum

    • 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
    • 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
    • Financial Frictions: Limited Pledgeability and Richer Models Unlimited
    • Q Theory Unlimited
    • Bubbly Asset Prices and Investment Unlimited
    • Countercyclical Liquidity Premia Unlimited
    • Liquidation and Asset Prices Unlimited

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Massachusetts Institute of Technology
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