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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course focuses on dynamic optimization methods, both in discrete and in continuous time. We approach these problems from a dynamic programming and optimal control perspective. We also study the dynamic systems that come from the solutions to these problems. The course will illustrate how these techniques are useful in various applicati
Author(s):
Tag(s):
- economics
- vector spaces
- principle of optimality
- concavity of the value function
- differentiability of the value function
- euler equations
- deterministic dynamics
- models with constant returns to scale
- nonstationary models
- stochastic dynamic programming
- stochastic euler equations
- stochastic dynamics
- calculus of variations
- the maximum principle
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course covers three sets of topics. The first part will cover business cycle models with imperfect information. We will ask questions such as:
What shocks drive business cycles?
What is the relative role of shocks to fundamentals and shocks affecting expectations about (current and future) economic developments?
How do informational f
Author(s):
Tag(s):
- economics
- news about the future and fluctuations
- dispersed information
- estimating models with imperfect information
- models with limited pledgeability
- models with corporate control problems
- models with intermediation and securitization
- financial frictions
- investment
- labor market search and inefficiency
- wage dispersion
- moral hazard
- optimal u
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects.
Author(s):
Tag(s):
- economics
- macroeconomics
- advanced
- shocks
- reallocation
- unemployment
- dynamic stochastic general equilibrium models
- dsge
- investment with credit constraints
- liquidity
- aggregate effects
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Published by: Massachusetts Institute of Technology | Language: English
Published by: Massachusetts Institute of Technology | Language: English
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This course is an introduction to the theory of international trade and finance with applications to current policy issues. In this course we will cover the basic tools to understand what determines the flow of goods across countries, i.e. international trade, and what determines the flow of savings and investments from one country to anoth
Author(s):
Tag(s):
- economics
- theory of international trade
- finance
- policy
- flow of goods
- flow of savings and investments
- globalization
- free trade agreements
- the us current account deficit
- exchange rates
- european integration
- global financial architecture
- financial crises
- east asia
- argentina
4 results found.
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