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Einrichtungen >> Fakultät Sozial- und Wirtschaftswissenschaften >> Bereich Volkswirtschaftslehre >>
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Professur für Volkswirtschaftslehre, insbes. Angewandte Wirtschaftsforschung
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Angewandte Wirtschaftsforschung 4: Advanced Topics in Housing-Market-Related Boom-Bust Cycles -
- Dozent/in:
- Thomas Theobald
- Angaben:
- Blockseminar, 2 SWS
- Termine:
- Einzeltermin am 15.10.2018, Einzeltermin am 22.10.2018, 14:00 - 18:00, KÄ7/00.54
Einzeltermin am 18.12.2018, 14:00 - 18:00, F21/03.84
Einzeltermin am 7.1.2019, 9:00 - 18:00, KÄ7/00.54
Einzeltermin am 4.2.2019, 14:00 - 18:00, FMA/01.20
- Inhalt:
- Housing market dynamics have played a crucial role in the creation of the Great Financial Crisis, which was triggered by a bust of the US subprime mortgage market. Central banks have responded to these turbulences in the meantime by developing macro-prudential instruments. The objective of this seminar is to give information about the cyclical behavior of the housing market consisting of house price and mortgage credit growth, its determinants in terms of supply
and demand characteristics and its relationship with the business cycle. Students will learn these relationships with the help of economic models. They will apply these models to current countryspecific data to explore which policy responses are efficient to dampen the amplitudes of the housing market cycle. After successful completion of the course, students should be able to approach the related academic literature as well as current policy debates.
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Übung A zu Advanced Macroeconomics -
- Dozent/in:
- Benjamin Lojak
- Angaben:
- Übung, 2 SWS
- Termine:
- Di, 12:00 - 14:00, F21/02.41
- 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.
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Übung B zu Advanced Macroeconomics -
- Dozent/in:
- Tim Hagenhoff
- Angaben:
- Übung, 2 SWS
- Termine:
- Mi, 16:00 - 18:00, F21/02.41
- 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.
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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.
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V/S: Angewandte Wirtschaftsforschung 1: Macroeconometric Analysis -
- Dozent/in:
- Tomasz Makarewicz
- Angaben:
- Vorlesung, 2 SWS
- Termine:
- Mi, 14:00 - 16:00, F21/03.01
Erster Termin: 24.10.2018
- Inhalt:
- This course focuses on advanced methods for macroeconometric analysis. After a brief review of univariate covariance-stationary processes and the ARMA model class, alternative time series decomposition methods such as the Hodrick-Prescott Filter as well as frequency-based filtering methods such as the Baxter-King Filter are discussed. Still in the covariance-stationary domain, the VAR model class for the analysis of multivariate covariance-stationary processes is discussed in detail. As next, non-stationary time series processes are introduced, as well as the main unit root tests. On this basis, the concept of cointegration, as well as the corresponding VECM model class is introduced and discussed in detail. Time permitting, other advanced frameworks for the modeling of different types of nonlinear behavior will be discussed.
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V/S: Angewandte Wirtschaftsforschung 1: Übung zu Macroeconometric Analysis -
- Dozent/in:
- Tim Hagenhoff
- Angaben:
- Übung, 2 SWS
- Termine:
- Mo, 14:00 - 16:00, RZ/00.06
Erster Termin: 29.10.2018
- Inhalt:
- This course focuses on advanced methods for macroeconometric analysis. After a brief review of univariate covariance-stationary processes and the ARMA model class, alternative time series decomposition methods such as the Hodrick-Prescott Filter as well as frequency-based filtering methods such as the Baxter-King Filter are discussed. Still in the covariance-stationary domain, the VAR model class for the analysis of multivariate covariance-stationary processes is discussed in detail. As next, non-stationary time series processes are introduced, as well as the main unit root tests. On this basis, the concept of cointegration, as well as the corresponding VECM model class is introduced and discussed in detail. Time permitting, other advanced frameworks for the modeling of different types of nonlinear behavior will be discussed.
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