Timothy J. Kehoe

Economics 8107

Macroeconomic Theory

Spring 2005

Syllabus

Problem Set #1

Problem Set #2

Notes on General Equilibrium with Time and Uncertainty

Notes on Calibrating the Growth Model

Data for Calibrating the Growth Model

Problem Set #3

Notes on General Equilibrium with Liquidity Constraints and Debt Constraints

Final Exam

Some References

R. Bergoeing, P. J. Kehoe, T. J. Kehoe, and R. Soto, “A Decade Lost and Found: Mexico and Chile in the 1980s,” Review of Economic Dynamics, 5 (2002), 166-205.

H. L. Cole and L. E. Ohanian, “A Second Look at the U.S. Great Depression from a Neoclassical Perspective,” University of California, Los Angeles, 2004.

J. C. Conesa and C. Garriga, “Optimal Design of Social Security Reforms,” Universitat Pompeu Fabra and Florida State University, 2004.

G. D. Hansen, “The Cyclical and Secular Behaviour of the Labour Input: Comparing Efficiency Units and Hours Worked,” Journal of Applied Econometrics, 8 (1993), 71-80.

T. J. Kehoe, "Intertemporal General Equilibrium Models," in Frank H. Hahn, editor, The Economics of Missing Markets, Information, and Games, Oxford University Press, 1989, 363-93.

T. J. Kehoe and D. K. Levine, “The Economics of Indeterminacy in Overlapping Generations Models,” Journal of Public Economics, 42 (1990), 219-243.

T. J. Kehoe and D.K. Levine, “Debt-Constrained Asset Markets,” Review of Economic Studies, 60 (1993), 865-888.

T. J. Kehoe and D.K. Levine, “Liquidity Constrained Markets versus Debt Constrained Markets,” Econometrica, 69 (2001), 575-598.

T. J. Kehoe, D. K. Levine, and E. C. Prescott, “Lotteries, Sunspots, and Incentive Constraints,” Journal of Economic Theory, 107 (2002), 39-69.

T. J. Kehoe and E. C. Prescott, “Great Depressions of the Twentieth Century,” Review of Economic Dynamics, 5 (2002), 1-18.

D. Krueger and F. Perri, “Does Income Inequality Lead to Consumption Inequality? Evidence and Theory,” University of Pennsylvania and New York University, 2003.

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