20285 - ADVANCED MACROECONOMICS
CLMG - M - IM - MM - AFC - CLAPI - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT
Course taught in English
Go to class group/s: 31
The course teaches how to use the tools of economic theory in the analysis of problems related to economic policy issues.
The course studies some of the models, and the techniques for solving and using them, that are at the core of recent macro literature. The first part of the course is dedicated to learning how to specify, solve, calibrate and estimate DSGE models. The second part of the course analyzes some DSGE models used in policy analysis, with particular reference to fiscal policy. This part of the course also goes beyond DSGE models studying a few other models that are at the core of modern macro.
Grade is based on by-weekly problem sets, a partial exam and a final written exam.
A complete and up-to-date reading list is provided at the beginning of the course. The reference books for this course are:
- Required: David N. Dejong, Chetan Dave, Structural Macroeconometrics, Princeton University Press, 2007.
- Optional: S. Fischer, O. Blanchard, Lectures in Macroeconomics, MIT Press, 1989.
- Optional: D. Romer, Advanced Macroeconomics, McGraw-Hill, 2001.