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ECON 234: Advanced Macroeconomics II

The first half of this class covers topics in monetary economics. We cover empirical evidence, neoclassical models, models of price setting, recent advances in New Keynesian models, and monetary policy with heterogeneous agents. The second half of the course covers labor-macro topics, with emphasis on the Diamond-Mortensen-Pissarides class of models and related topics. This will cover the issues of employment volatility and the driving forces of employment fluctuations, including financial shocks. The course will be organized around the detailed study of recent research papers. Some lectures will be given by visiting macroeconomists.Prerequisite: Satisfaction of the economics department's core macro requirement or consent of the instructors.
Terms: Win | Units: 2-5
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