Economics 8344
Professors German Cubas and Bent Sorensen
Macro III (macro topics)
Spring 2023
Professors Cubas and Sorensen will co-teach the class,
meaning that we aim to both be in most classes.
Syllabus
Tips on Presentations
Scheduling: Classes to be rescheduled: TBA if any.
Tentative Schedule, to be updated as we go along. Some topics may take more time than indicated and some less. The structure of the class will be similar to the 2018 class although we will take in some new topics.
- 1/18 Introduction
- 1/23 Bent talks about PIH and the Buffer-stock model Carrol QJE 1997.
- 1/25 Bent talks about consumption model with housing and other extensions
Luengo-Prado and Sorensen (2008) ,
Chetty and Seidl (2007), and
Demyanyk, Hryshko, Luengo-Prado, and Sorensen (2017)
- 1/30 Bent talks more on consumption
Kaplan, Violante, and Weidner (Brookings 2014) and more theoretical
Kaplan and Violante (Econometrica 2014)
- 2/1 Bent finish (briefly) talking about MPCs
Fagereng, Holm, and Natvik (AEJ: macro 2021)
Nygaard, Sorensen, and Wang (J. Econ Dynamics&Control 2022)
Aguiar, Bils, Boar (NBER WP 2020)
Then we move on to the influential paper on risk sharing by
Blundell, Pistaferri, and Preston
Course structure :
We will have some homeworks followed by in-depth student presentations
(a full class each, but we will help you) and a final project.
We will post notes and links as we go along
Homework 1: Data homework. Due 2/5/2023