Advanced Macroeconomics II, Spring 2004
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| Type: | Course Related Materials |
| Grade Level: | Post-secondary |
Abstract: Topics change from year to year. Most recent topics include: optimal fiscal and monetary policy; optimal capital taxation; time inconsistency and incentive incompatibility of optimal policies; redistribution and political economics; heterogeneous agents and incomplete markets; Real Business Cycle models and new-keynesian models; endogenous growth; aggregate fluctuations and propagation mechanisms; recursive methods and robust control in macro. 14.462 is the second semester of the second-year Ph.D. macroeconomics sequence. 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 Macroeconomi; Complementarities; Information.
