I have posted a syllabus.
On Tuesday, March 17, we will finish VARs and cover cointegration and vector error correction models..
HW2 is up. It is due on 4/8.
The course will be divided into five blocks. Materials will be posted below.
Topic 0: Math Background
A Short Primer on Linear Algebra and Partial Derivatives:
Topic 1: The New Keynesian Model
Gali Ch 2: Notes
Gali Ch 3: Notes
Gali Ch 4: Notes
Topic 2: Extensions to Monetary Policy
Interaction of Monetary and Fiscal Policy: Leeper, E. 1991. “Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies,” Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February. Notes
Financial Acceleration: Iacoviello, Matteo. 2005. “House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle.” American Economic Review 95 (3): 739–764. Notes
Kuttner, Kenneth N. “Outside the Box: Unconventional Monetary Policy in the Great Recession and Beyond.” The Journal of Economic Perspectives 32, no. 4 (2018): 121–46. https://www.jstor.org/stable/26513499. Notes
Topic 3:Macroeconometric Methods
Non-Stationarity and Dicky Fuller Tests: Notes Stata Blog Post
VARS: Notes
Paul Shea 