Courses:

Course Info

• Course Number / Code:
• 14.462 (Spring 2007) 
• Course Title:
• Advanced Macroeconomics II 
• Course Level:
• Graduate 
• Offered by :
• Massachusetts Institute of Technology (MIT)
  Massachusetts, United States  
• Department:
• Economics 
• Course Instructor(s):
• Prof. Olivier Blanchard
  Prof. Guido Lorenzoni 
• Course Introduction:
•  
• 
  
  14.462 Advanced Macroeconomics II
  
  
  
  

  Spring 2007

  
  
  

  
  
  

  Course Highlights

  
  
  

  
  
  14.462 Advanced Macroeconomics II
  
  
  
  

  Spring 2007

  
  
  

  

  Graph of a persistent shock with ρ = 0.5. Learn more in Countercyclical Liquidity Premia in lecture notes. (Figure courtesy of Prof. Lorenzoni.)

  
  
  

  Course Description

  
  
  

  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.
  
  

  Recommended Citation

  
  
  

  For any use or distribution of these materials, please cite as follows:

  Olivier Blanchard and Guido Lorenzoni, course materials for 14.462 Advanced Macroeconomics II, Spring 2007. MIT OpenCourseWare (http://ocw.mit.edu/), Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].

  
  
  

  Technical Requirements

  
  
  

  Special software is required to use some of the files in this course: .xls.