Second-year Ph.D. course:
Advanced Macroeconomic Analysis
description
Second-Year Ph.D. Advanced Macro Topics course on Macroeconomic Theory
I taught this in Spring 2014, Spring 2015, Fall 2015, and Fall 2017
In this course we study the implications of informational frictions in macroeconomics and finance. I introduce tools necessary for working in this literature, many of them heavily borrowed from game theory, and survey the economic questions to which these tools are often applied. Topics include global games, beauty contests, beliefs-driven business cycles, monetary non-neutrality, asset pricing with incomplete and dispersed information, information aggregation, the Kalman filter, and optimal fiscal and monetary policy using the primal approach.