Macroeconomic Theory, Econ. 511b, Spring 1999
Faculty:
Updated 6/16/99. Newest items are in red.
Course
List Signup: This list will be used to inform the class
of changes in meeting times, errors in problems sets, when graded problem
sets or new notes have been made available, etc. It is important
that you fill out the form if you are taking the course for credit.
You should have received an email giving you the password. If not
send email to Chris Sims.
Answers to Question
3 (and the question) from the Spring 1999 macro comp
exam (pdf
file, 56k)
Answers to two questions
from the two 1998 macro comp exams (pdf
file, 45k) (corrected version posted 5/1/99)
Previous
Year's Course Materials
Viewers for pdf and ps
files.
Summary notes on solving
linear rational expectations models via Jordan Decomposition (pdf
file, 102k)
Answers to the final exam: All 6
questions (pdf
file, 135k). Just numbers 2, 4, and 5 (pdf
file, 110k).
If you have already picked up the printed answers to 1, 3 and 6, you
might want to download only the smaller of these files.
The final exam itself: (pdf
file, 122k).
Common errors on the final exam: (pdf
file, 87k)
FTPL exercise, due 4/22.(pdf
file, 45k)
FTPL exercise answer.
Posted 4/30. (pdf
file, 132k)
Reading list for lectures on 4/20
and 4/22. (html
file)
Notes on New ISLM and exercise
due 4/15 (pdf
file, 82k)
Using gensys (pdf
file, 25k)
The midterm exams have been graded.
You may pick up your blue books and an answer sheet from Diane Bowman in
28 Hillhouse. The mean score was 47.1 and the standard deviation of the
scores was 11.8. The CDF of the scores is available from Ms. Bowman and
is posted outside Sims' office and Hall's office. Grading will be discussed
briefly in class on Thursday.
Answers to mid-term exam: (pdf
file, 68k) This is the same answer sheet that was handed out
earlier in printed form. It may not look readable on your screen,
but it will print out cleanly. Answers to 2 and 3 that are more readable
on the screen are posted separately: (pdf
file, 51k)
Answer to Exercise
Due 2/24 or 3/2. (pdf
file) Updated
4/14 to fix some typos.
Notes on decentralization via asset
markets, including an exercise due 2/24 or 3/2. (pdf
file, 130k)
The exercise will be graded by
3/2 if handed in by 2/24 and will be discussed in section 2/24.
The exercise on search
is available here.
It is due in class on 2/18.
Two Matlab programs
that solve the optimal growth model will be discussed in class on 2/4/99.
These programs are det_dp.m
and stoch_dp.m.
Answer to Exercise
Due 1/28, plus notes on simplified transversality conditions(pdf
file, 68k)
Though the general TVC in the "Random
Lagrange Multipliers" notes covers a wide range of non-standard models,
it is complicated to check and hard to remember. By restricting the
range of models considered, we can simplify it.
Dynamic Programming
Notes (pdf
file, 72k) (MS
Word 6.0 file, 580k)
Dynamic Programming Crib Sheet:
Lists theorems and FOC's from the Notes in compact form (pdf
file, 42k)
Examples of Dynamic
Models and Random Lagrange Multipliers plus Exercise due 1/28(pdf
file, 180k) (ps
file, 195k)
Though
this exercise is posted regrettably late, it is still due Thursday 1/28.
Notes on Random Lagrange
Multipliers
(pdf
file, 106k) (ps
file, 250k)
Answers
for Exercise due 1/21 (pdf file, 90k)
Exercise
on linear rational expectations models,due 1/21