Timothy J. Kehoe

Macroeconomics I

Winter 2011

Syllabus

Problem Set #1

Where Did Ponzi Schemes Get Their Name?

Notes on Equilibrium and Pareto Efficiency

Problem Set #2

Growth Accounting Notes

Growth Accounting Data

MS Excel Worksheet with Data for Growth Accounting for the United States

Notes on Using MS Excel to do Growth Accounting

Problem Set #3

Notes on Balanced Growth Paths

Problem Set #4

MS Excel Worksheet for Solving Dynamic Programming Problems with Value Function Iteration

Another MS Excel Worksheet for Solving Dynamic Programming Problems with Value Function Iteration

Problem Set #5

To apply the Hodrick-Prescott filter to time series data, you can download Kim Ruhl's DataTools.xls and follow the instructions.

Notes on General Equilibrium with Time and Uncertainty

Problem Set #6

Notes on Unemployment and Search

Notes on General Equilibrium with Liquidity Constraints and Debt Constraints

An Example of a Model with Debt Constraints

Problem Set #7

Exam

Some papers:

R. Bergoeing, P. J. Kehoe, T. J. Kehoe, and R. Soto, "Decades Lost and Found: Chile and Mexico in the 1980s and 1990s," Review of Economic Dynamics, 5 (2002), 166-205.

J. C. Conesa, T. J. Kehoe, and K. J. Ruhl, "Modeling Great Depressions:  The Depression in Finland in the 1990s," Federal Reserve Bank of Minneapolis Quarterly Review, 31:1 (2007), 16–44. 

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

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 and E. C. Prescott, "Great Depressions of the Twentieth Century," Review of Economic Dynamics, 5 (2002), 1-18.


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