Econ 318: Advanced Macroeconomics

On Monday, 3/25, we discussed this paper by Matteo Iacoviello.

Here is the Smets and Wouters (2003) paper for Wednesday, 3/27.

Here is the Orphanides and Williams (2007) paper for Monday, 4/1.

On 4/3, we will conclude the semester by briefly discussing three papers modelling sunspot equilibria, They are Farmer and Guo (1994), Schmitt-Grohe and Uribe (1997), and Shithead (2013).

Here is the Midterm  and key from Winter 2017. Here is a another Practice_Exam and a key. Here are some Chapter 3 practice problems. and a Key

HW5 is up. It is not to hand in.

Here is a link to the  empirical growth paper.


Course Documents


Practice Problems

Here are the Amazon links for the textbooks that we will be using. You definitely want the first two. The third is useful but students with stronger math backgrounds may not need it. I suggest that you pick an older edition (but avoid the first and second editions of Romer).

Romer’s Advanced Macroeconomics.

Gali’s New Keynesian text

Farmer’s Macroeconomics of Self-Fulfilling Prophecies