I have posted a syllabus.
On Tuesday, March 31, we will have the first forecasting presentation and begin Eichenbaum and Fisher (2004)
On Thursday, April 2, will will finish the above paper. We will then begion Holston, Laubach, and Williams (2017). Nites are available for both.
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
Topic 4:Macroeconometric Methods
Notes on Monetary Policy, Uncertainty, and Fiscal Policy
Weale, Martin, and Tomasz Wieladek. “What are the macroeconomic effects of asset purchases?.” Journal of monetary Economics 79 (2016): 81-93.
Leduc, Sylvain, and Zheng Liu. “Uncertainty shocks are aggregate demand shocks.” Journal of monetary economics 82 (2016): 20-35.
Eichenbaum, Martin S., and Jonas Fisher. “Fiscal Policy in the Aftermath of 9/11.” (2004).
Holston, K., Laubach, T. and John Williams. 2017. Measuring the Natural Rate of Interest: International Trends and Determinants, Journal of International Economics 108, May 2017. S59-S75 Notes
Paul Shea 