Econ 614 Spring 2024

Syllabus

Midterm grade distribution

Final exam grade distribution

Extra notes on Bellman equations

Answers to midterm Spring 2021

Answers to midterm Spring 2022

Answers to final exam Spring 2021

Answers to final exam Spring 2022

Answers to midterm Spring 2024

Answers to final exam Spring 2024

Answers to midterm Spring 2025

Answers to final exam Spring 2025

RBC models: introduction

RBC models: finishing up the textbook model

RBC models: more about utility function and labor supply

RBC models: criticisms and later developments

Problem set on maximization of expected utility and Jensen's inequality

Answer to problem set on Jensen's inequality

Answer to 5.8

Answer to 5.10

RBC reading

 

Indivisible labor problem

 

Answer to indivisible labor problem (don't peek!)

Introduction to Keynesian macroeconomics

Keynesian theory 1930s-1950s

Romer on ISLM (2nd edition)

IS/LM model

Problem set on ISLM model

Answers to problem set on ISLM model

Poole (1970): set M or i?

Keynesian aggregate supply: Phillips curves

Romer on ISMP (3rd edition)

IS/MP model

Problem set on ISMP versus ISLM

Answers to problem set on ISMP versus ISLM

Rational expectations

Problem set on rational expectations

Answers to problem set on rational expectations

Problem on  "dynamic inconsistency of optimal monetary policy"

Answer to problem on dynamic inconsistency

Lucas supply function (imperfect information) model

Answer to 6.15

What flexible price level requires

New Keynesian Aggregate Supply: Intro

New Keynesian static model

Menu cost approach

Menu cost reading

Real rigidity

Problem on real rigidity

Answer to problem on real rigidity

Answer to 6.11

Answer to 6.12

Answer to 6.17

Fischer model, Taylor model

Problem set on Fischer model, LSF and policy ineffectiveness

Answers to problem set on Fischer and LSF

Answer to 7.1

Answer to 7.2

Answer to 7.3

Introduction to New Keynesian Dynamic Models

General result for time-dependent pricing

New Keynesian Phillips Curve

Problems with New Keynesian Phillips Curve

New Keynesian Phillips Curve, Calvo, Romer's derivation

New Keynesian Phillips Curve with "Indexation"

Problem set on New Keynesian Phillips curve

Answers to problem set on NKPC

Information problems: introduction

 

Sticky information

Money demand and consumption problem set

Money demand and consumption problem set answer

 

New Keynesian ISLM part 1

New Keynesian ISLM part 2

New Keynesian ISLM part 3

Problem on interest-rate rule

Answers to problem on interest-rate rule 

Monetary Policy part 1

Problem on monetary policy with loss function

Answers to problem on monetary policy with loss function

Monetary Policy part 2

Problem on empirical implications of CGG  model

Answers to problem on empirical implications of CGG model

Another problem set on CGG model

Answers to another problem set on CGG model

Christiano, Eichenbaum and Evans part 1

Christiano, Eichenbaum and Evans part 2

Problem set on capacity utilization

Answers to problem set on capacity utilization
Financial market imperfections, part 1

Problem set on financial market imperfections

Answers to problem set on financial market imperfections

Reading: financial accelerator

Bernanke, Gertler, Gilchrist

Financial intermediation: concepts and issues

Diamond & Dybvig

Financial intermediation: liquidity, IS/MP