V/S: Advanced Macroeconomics

Dozent/in:

Joep Lustenhouwer

Angaben:

Vorlesung, 2 SWS

Termine:

Mo, 10:00 - 12:00, KÄ7/00.10

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 4: Advanced Topics in behavioral Macroeconomics

Dozent/in:

Joep Lustenhouwer

Angaben:

Seminar, 3 SWS, Themenvergabe/Anmeldung erfolgt am ersten Termin

Termine:

Einzeltermin am 15.10.2018, 14:00 - 16:00, F21/02.41
Themenvergabe und Erstbesprechung am Montag, den 15.10.18

Inhalt:

The seminar will consider recent papers about learning and expectation formation in macroeconomic models. Specific attention will be paid to the information agents can use when they form expectations and to the length of their forecasting horizon. Suggested course requirements: "Advanced Macroeconomics" and "Disequilibrium and Behavioral Macroeconomics"