Advanced Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS

Termine:

Mo, 10:00 - 12:00, FG1/00.08
Einzeltermin am 29.4.2019, 10:00 - 12:00, F21/01.37
Erster Termin: 29.04.2019

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i) developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

Angewandte Wirtschaftsforschung 2: Computational Macroeconomics

Dozent/in:

Joep Lustenhouwer

Angaben:

Seminar, 2 SWS

Termine:

Di, 14:00 - 16:00, RZ/00.07

Inhalt:

The course aims to make students familiar with programming in a programming language commonly used in macroeconomics. In the first few session the programming syntax and basic building blocks that will be used later are introduced. Next, after students have obtained some programming skills, the focus turns to applying the learned programming techniques to macroeconomic problems. Students will then be asked to write and modify codes to e.g. solve macroeconomic models. Grades will be based on a final assignments, to be handed in after the end of the course.

Angewandte Wirtschaftsforschung 2: Übung zu Computational Macroeconomics

Dozent/in:

Tim Hagenhoff

Angaben:

Übung, 2 SWS

Termine:

Mi, 14:00 - 16:00, RZ/00.07

Angewandte Wirtschaftsforschung 4: Advanced Topics in Empirical Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Einzeltermin am 29.4.2019, 12:30 - 13:00, F21/03.02
Einzeltermin am 16.7.2019, 10:00 - 12:00, F21/01.57
Introductory session: April 29, 2019 12.30-13h in F21/03.02; block seminar for presentations: 15.07.19 from 15.00 to 18.00h in F21/03.48

Inhalt:

The following topics will e.g. handled:

• Short- and Long-Run Identification in VAR models
• Identification by Sign Restrictions
• Factor-Augmented VAR models
• Panel VAR models

Diplomandenseminar

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung nach Vereinbarung

Übung A zu Advanced Macroeconomics

Dozent/in:

Benjamin Lojak

Angaben:

Übung, 2 SWS

Termine:

Do, 10:00 - 12:00, F21/02.18

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i)developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

Übung B zu Advanced Macroeconomics

Dozent/in:

Benjamin Lojak

Angaben:

Übung, 2 SWS

Termine:

Mi, 16:00 - 18:00, F21/03.01

Inhalt:

Macroeconomic analysis is primarily concerned with two issues: (i)developing positive models in order to understand the dynamics of key macroeconomic variables such as output, employment, unemployment, inflation, interest rates, etc.; and (ii) deriving normative prescriptions for macroeconomic policymaking, in particular regarding the proper setting of fiscal and monetary policies. The course begins with a discussion of empirical facts regarding business cycles and growth to be explained by macroeconomic models and then provides an example of the role of economic policy as a macroeconomic stabilization mechanism based on a traditional reduced-form model of the macro-economy. The second part of the course deals in more detail with several building blocks for macroeconomic models based on intertemporal optimization along the neoclassical tradition. The third part of the course focuses in contrast on the caveats of this theoretical framework, as well as on the alternative modeling approaches.

V/S: Angewandte Wirtschaftsforschung 3: Financial Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS

Termine:

Mi, 10:00 - 12:00, F21/02.55
Erster Termin: 08.05.2019

Inhalt:

This course handles key concepts in financial macroeconomics such as asymmetric information, credit rationing, the role of collateral requirements for aggregate credit dynamics, and the financial accelerator mechanism at an advanced level. After an extensive discussion of the problems resulting from asymmetric information in the financial markets, the inclusion of these problems and their solutions in small- and medium-scale macroeconomic models is treated. The conduct of conventional and unconventional monetary policy in economies with modern financial systems is then investigated. Time permitting, issues like cross-border banking, banking crises and sovereign default might be handled as well.

V/S: Angewandte Wirtschaftsforschung 3: Übung zu Financial Macroeconomics

Dozent/in:

Benjamin Lojak

Angaben:

Übung, 2 SWS

Termine:

Do, 14:00 - 16:00, F21/02.31

Inhalt:

This course handles various topics in international macroeconomics on an advanced level. After an in-depth discussion of the intertemporal approach to the current account, the impact of demography and the existence of non-tradable goods on the current account and thus on the net foreign asset position of a country are handled. Further, the determination of the sustainability of a country s external debt, as well as the dynamics of sovereign debt default, are treated. Finally, current issues related to the euro area are thematized.