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Last updated:

October 22, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

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.

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