Macroeconomic Theory, Economics 504, 2nd half
. New items in red.
Contact Information
Course Materials
- Answers to problems 3-6 on Final Exam
- CDF of grade distribution for overall 504 score
- Notes on speculative attacks
- The first model in these notes was covered in the last lecture. The second model was only discussed
qualitatively.
- Price Level and Intergenerational Equity Exercise
- There are two problems in this exercise. You are required to hand in at least one of them by Monday, May 5.
If you hand in both, both will be graded, but your maximum "homework points" for the exercise will be the same
whether you hand in both or only one. If you hand in both, the score on the better answer will count.
- Notes on policy games
- Notes on capital taxation and intergenerational equity
- Capital tax exercise, due Monday 4/28 at precept
- Notes on Barro's optimal taxation and extensions
- Course outline and reading list
- Lecture notes on transversality, LQ permanent income
- Exercise: A Linear RE System. Due Monday, 4/14 at precept.
- Random Lagrange multipliers and transversality (extended notes with proof)
- Random Lagrange multipliers with lagged expectations
- Exercise on transversality, due Thursday 4/3