Macroeconomic Theory, Econ. 511b, Spring 1999
Updated 6/16/99. Newest items are in red.
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
Answers to two questions
from the two 1998 macro comp exams (pdf
file, 45k) (corrected version posted 5/1/99)
Year's Course Materials
Viewers for pdf and ps
Summary notes on solving
linear rational expectations models via Jordan Decomposition (pdf
Answers to the final exam: All 6
file, 135k). Just numbers 2, 4, and 5 (pdf
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
Common errors on the final exam: (pdf
FTPL exercise, due 4/22.(pdf
FTPL exercise answer.
Posted 4/30. (pdf
Reading list for lectures on 4/20
and 4/22. (html
Notes on New ISLM and exercise
due 4/15 (pdf
Using gensys (pdf
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
Answer to Exercise
Due 2/24 or 3/2. (pdf
4/14 to fix some typos.
Notes on decentralization via asset
markets, including an exercise due 2/24 or 3/2. (pdf
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
Answer to Exercise
Due 1/28, plus notes on simplified transversality conditions(pdf
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.
file, 72k) (MS
Word 6.0 file, 580k)
Dynamic Programming Crib Sheet:
Lists theorems and FOC's from the Notes in compact form (pdf
Examples of Dynamic
Models and Random Lagrange Multipliers plus Exercise due 1/28(pdf
file, 180k) (ps
this exercise is posted regrettably late, it is still due Thursday 1/28.
Notes on Random Lagrange
file, 106k) (ps
for Exercise due 1/21 (pdf file, 90k)
on linear rational expectations models,due 1/21