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14.461 Advanced Macroeconomics I, Fall 2009

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Show simple item record Lorenzoni, Guido en_US Guerrieri, Veronica en_US
dc.coverage.temporal Fall 2009 en_US 2009-12
dc.identifier 14.461-Fall2009
dc.identifier local: 14.461
dc.identifier local: IMSCP-MD5-d6d0bcfa05015ce49d3fe746aa09473b
dc.description.abstract 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 frictions affect the shape of the responses to various shocks? The second part will cover models of investment with credit constraints. We will ask questions such as: What is the transmission mechanism from shocks to the financial sector to the real economy? What determines optimal decisions about capitalization at the individual and at the social level? 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. en_US
dc.language en-US en_US
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dc.rights.uri Usage Restrictions: Attribution-NonCommercial-ShareAlike 3.0 Unported en_US
dc.rights.uri en_US
dc.subject news about the future and fluctuations en_US
dc.subject dispersed information en_US
dc.subject estimating models with imperfect information en_US
dc.subject models with limited pledgeability en_US
dc.subject models with corporate control problems en_US
dc.subject models with intermediation and securitization en_US
dc.subject financial frictions en_US
dc.subject investment en_US
dc.subject labor market search and inefficiency en_US
dc.subject wage dispersion en_US
dc.subject moral hazard en_US
dc.subject optimal unemployment insurance en_US
dc.subject money search en_US
dc.subject liquidity en_US
dc.subject adverse selection and lemons problem en_US
dc.subject decentralized trading in financial markets en_US
dc.title 14.461 Advanced Macroeconomics I, Fall 2009 en_US
dc.title.alternative Advanced Macroeconomics I en_US

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