Econ 714 - Macroeconomic theory II

Spring 2016
Professors: Noah Williams, Enghin Atalay.
Lectures: Mon, Wed 10:00-11:15 Social Science 6203
Discussion sections: Fri 11:00-11:50 Sterling 2339, 1:20-2:10 Social Science 6117, 2:45-3:15 Social Science 6117.
TA office hours: Wed 11:30-12:30, Thu 2:30-3:30 Social Science 7230.

Discussion section handouts

Part 1 (Williams)

#1, 29 jan - Job search: McCall, Mortensen-Pissarides: handout, solution, LaTeX.
#2, 5 feb - Job search, Lucas tree: handout, solution, LaTeX, 2014 midterm solution.
#3, 12 feb - Yield curve, GE with complete markets: handout, solution, LaTeX.
#4, 19 feb - Phase diagrams, Ramsey problem: handout, solution, LaTeX.
#5, 26 feb - Optimal tax with private information, cash-in-advance: handout, solution, LaTeX.
#6, 4 mar - New Keynesian model: derivation, log-linearization: handout, Ziets and Sims.

Part 2 (Atalay)

#7, 18 mar - Dynare: stochastic Solow, RBC by Erik Sims.
#8, 1 apr - Kalman filter demo: matlab.
#9, 8 apr - GMM estimation of RBC: Christiano and Eichenbaum (1992), Craig Burnside's notes and matlab.
#10, 15 apr - Investment with adjustment costs: Hayashi (1982), handout, solution, LaTeX.
#11, 22 apr - Credit constraints: Kocherlakota (2000), handout, LaTeX. Second order difference equations: notes by M.J. Osborne.
#12, 29 apr - Costly state verification: Bernanke & Gertler (1989), check lecture notes.
#13, 6 may - Financial frictions in GE: Bernanke, Gertler & Gilchrist (1999), check lecture notes.

Problem sets

Part 1 (Williams)

#1, due 10 feb: problem set, solution, LaTeX.
#2, due 24 feb: problem set, solution, LaTeX.
#3, due 7 mar: problem set, solution, LaTeX.

Part 2 (Atalay)

Problem sets and solutions are posted on class page at Learn@UW.

Exams

Williams, 9 mar: exam (LaTeX), solution (LaTeX).

Useful stuff

Previous TAs

Fu Tan: econ 712 fall 2015 (Corbae, Seshadri); econ 714 spring 2015 (Fukushima).
Phai Phongthiengtham: econ 712 fall 2014 (Williams).
Kyle Dempsey: econ 712 fall 2013 (Fukushima); econ 714 spring 2014 (Williams).
Hsuan-Chih (Luke) Lin: econ 714 spring 2013 (Williams).
Kurt Lunsford: econ 712 fall 2012 (Fukushima).
Scott Swisher: econ 712 fall 2010 (Durlauf, Fukushima), econ 714 spring 2011 (West, Seshadri), econ 712 fall 2011 (Fukushima), econ 714 spring 2012 (Williams, Seshadri).

Lecture notes

Quantitative Economics by T. Sargent and J. Stachurski.
Graduate Macro Theory II by E. Sims.