Econ 531 Macroeconomic Theory

Fall 2017

Stephen L. Parente
118 David Kinley Hall
Office Hours: Tuesday, Thursday 12:30-1:30 AM
244-3625

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This is the home page for Macro Theory. Below you will find copies of the syllabus, problem sets, notes, solution keys, past exams and links to most articles.

The T.A. for the course is Diogo  Baerlocher
e-mail: dcarval2@illinois.edu
Recitation: Friday 8:00 –9:20 AM 322 DKH
Office Hour: Monday, Wednesday 5:00 – 6:00 PM

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Syllabus

Notes
Krueger Lecture Chapters
Krusell Lecture Chapters
Parente GE Notes
Parente Calibration Notes
Prescott Notes on National Income and Product Accounts
Prescott Distribution of Income and Product
Violante Aggregation Notes
Wright OG Notes
Wright DP Notes
Wright CIA Notes
Wright Poisson Notes
Rios-Rull RCE Notes 1
Rios-Rull RCE Notes 2
Rios-Rull RCE Notes 3
Charles Ponzi Biography by Nat Howard
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Current Debates in Macro: Olivier Blanchard,  Further Thoughts on DSGE Models, Paul Romer The Trouble with Macroeconomics, Randall Wright On the Future of Macro: A New Monetarist Perspective

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Homeworks: (Preliminary)

Problem Set 0: Solow Growth Model and Growth Accounting Excel Data
Problem Set 1: Finite Horizon Sequence Optimization
Problem Set 2: Infinite Horizon Sequence Optimization
Problem Set 3: Dynamic Programming Algorithm
Problem Set 4: Stationary Dynamic Programming
Problem Set 5: Numerical Dynamic Programming
Problem Set 6: Sequence Competitive Equilibrium
Problem Set 7: Arrow Debreu Economies I
Problem Set 8: Negeshi-Mantel Algorithm
Problem Set 9: Aggregation and Household Heterogeneity
Problem Set 10: Recursive Competitive Equilibrium
Problem Set 11: Arrow and Debreu Economies II
Problem Set 12: Overlapping Generations
Problem Set 13: Monopolistic Competition
Problem Set 14: Model Calibration
Problem Set 15: Frictional Labor Markets
Problem Set 16: Government Policy

Survey of Current Business Economic Report of the President

 

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Past Exams
Spring 2000 Midterm I, Midterm II, Final Exam
Spring 2001 Midterm I, Midterm II, Final Exam
Spring 2002 Midterm I, Midterm II, Final Exam
Spring 2003 Midterm I, Midterm II, Final Exam
Spring 2004 Midterm I, Midterm II, Final Exam
Spring 2005 Midterm I, Midterm II, Final Exam
Spring 2006 Midterm I, Midterm II, Final Exam
Spring 2007 Midterm I, Midterm II, Final Exam
Spring 2008 Midterm I, Midterm II, Final Exam
Spring 2009 Midterm I, Midterm II, Final Exam
Spring 2010 Midterm I, Midterm II, Final Exam
Fall 2010     Midterm I, Midterm II, Final Exam
Fall 2011     Midterm I, Midterm II, Final Exam
Fall 2012     Midterm, Final Exam
Fall 2016     Midterm, Final Exam
Fall 2017     Midterm, Final Exam
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Links to Articles:

Benigno, P. New Keynesian Economics:
Chatterjee 1994 Distribution of Wealth
Kehoe, T.J. 1989 Intertemporal General Equilibrium
Kydland and Prescott Real Facts and a Monetary Myth
Krugman, Paul. 1978 Increasing Returns
Lucas and Sargent (1979). After Keynesian Economics
Romer, Paul. The Trouble with Macroeconomics
Prescott Why Do Americans work so much more than European?
Prescott, Edward C. 1998 “Business Cycle Research: Methods and Problems.
Samuelson, P. 1958 An Exact Consumption Loan Model
Solow, R. 1956. A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics. (70) 64-91.
Solow, R. 1957. Technical Change and the Aggregate Production Function. The Review of Economics and Statistics. 39: 312-320
Tirole, J. 1985. Asset Bubbles in OLG
White, Lawrence The Clash of Economic Ideas