ECON 60202 provides an extensive analysis of dynamic stochastic general equilibrium models of business cycles, including real business cycle and New Keynesian theories. Study of monetary and fiscal policy.
The most recent (Spring 2017) course materials are available below:
Syllabus: pdf
Lecture Notes:
- Preliminaries: pdf
- Two-period consumption-saving: pdf
- Neoclassical growth: pdf
- Value function iteration: pdf
- Log linearization: pdf
- Solving linearized models: pdf
- Using Dynare: pdf
- Real Business Cycle model part one: pdf
- Real Business Cycle model part two: pdf
- Fiscal policy: pdf
- RBC extensions: pdf
- Wedges: pdf
- Financial constraints: pdf
- New Keynesian model: pdf
- Interest rate rules and determinacy: pdf
- Monetary policy: pdf
- Zero lower bound: pdf
- Wage stickiness: pdf