This is an archived course. A more recent version may be available at ocw.mit.edu.
In the first problem set, this graph is used to illustrate how after the reduction in technology, the number of vacancies in the economy will go down. (Image by Prof. Ricardo Caballero.)
Prof. Ricardo Caballero
This half-term course covers the macroeconomic implications of imperfections in labor markets, goods markets, credit and financial markets. The role of nominal rigidities is also an area of focus.
*Some translations represent previous versions of courses.