Professor Bent Sorensen
TA: Jose Mota
NOTE: No Macro II class on April 29th, replaced by class on April 30th in the 10-11.30 slot
NOTE: On Friday April 26th, you will have the micro exam first and then the econometrics sesssion.
TA Sessions continue as for Professor Cuba's half.
NOTE: The outline and syllabus is tentative. I may leave out or change material depending on time
I plan to have no midterm.
FINAL (for the second part): Thursday May 2 in class.
The material in my 2016 midterm 2 and final will be covered.
2016 second midterm exam
2018 Macro IIb final
Notes (I may not get to all of them):
Short Introduction to Time Series
Permanent Income and Measurement Error in Consumption Functions
The general Euler Equation and Hall's version of the PIH
Excess Sensitivity, Rule-of-Thumb Consumers and IV estimation
The Impact of Income Shocks on Consumption and `Excess Smoothness' of Consumption (updated April 2019)
The Impact of Interest Rates on Consumption
The CAPM Model
The Consumption CAPM
The Term Structure of Interest Rates
Notes on Obstfeld-Rogoff Chapter 5
Ostergaard, Sorensen, and Yosha, JPE 2002
Astrubali, Sorensen, and Yosha, QJE 1996
Note on Market Spanning
Homework 1 Wed 3/25
Homework 2 Wed 4/3
Homework 3 Wed 4/10
Homework 4 Wed 4/17
Homework 5 Wed 4/24