Advanced Macroeconomic Analysis II

Time I: 
Wednesday,
08:30am to 12:00pm
Time II: 
Wednesday,
08:00am to 12:00pm
Venue I: 
TU Berlin, Hauptgebäude, Raum H 0111
Venue II: 
DIW
Description: 

The first part of the course studies monetary theory: how future expected money supply affects the current price level, why money can be written in the utility function and what is required to determine a unique equilibrium with rational expectations. Turning to the foundations of New Keynesian Macroeconomics, we analyze why monopolistic competition leads to an active role for monetary policy, derive the forward looking Phillips curve and study optimal monetary policy.
The second part of the course is dedicated to the solution of DSGE models in general and in particular models in which labor market frictions play a prominent role. It is designed to develop and sharpen students’ prior knowledge of dynamic macroeconomics and econometrics with a mixture of lectures on state-of-the-art solution and estimation techniques for macroeconomic models and application of the techniques with standard software packages and models from the literature. Students are required at a minimum to have successfully completed the AMA I course and possess a basic understanding of time-series and linear-model econometrics.

StO/PO MA 2005 - 2010: 6 LP, Modul: "Advanced Macroeconomic Analysis II (PhD-level)"
StO/PO MA 2016: 6 LP, Modul: "Advanced Macroeconomic Analysis II (PhD-level)"
StO/PO MEMS 2016: 6 LP, Modul: "Advanced Macroeconomic Analysis II (PhD-level)", Major: Macroeconomics

Written exam (90 min)

http://www.macroeconomics.tu-berlin.de/menue/home/

Credits: 
9.00
Program: 
Semester: 
Spring 2017
Affiliation: 
Deutsches Institut für Wirtschaftsforschung
Technische Universität Berlin