This is an archived course. A more recent version may be available at ocw.mit.edu.
Prof. Guido Lorenzoni
Prof. Veronica Guerrieri
This course covers three sets of topics. The first part will cover business cycle models with imperfect information. We will ask questions such as:
The second part will cover models of investment with credit constraints. We will ask questions such as:
The third part will cover search models of decentralized trade applied both to labor markets and to financial markets. In particular, the models will have informational imperfections.
Lorenzoni, Guido, and Veronica Guerrieri. 14.461 Advanced Macroeconomics I, Fall 2009. (MIT OpenCourseWare: Massachusetts Institute of Technology), https://ocw.mit.edu/courses/economics/14-461-advanced-macroeconomics-i-fall-2009 (Accessed). License: Creative Commons BY-NC-SA