Advanced Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS, Please register in FlexNow as well as in VC before the start of the summer term. Later the VC will be password-protected.

Termine:

Mo, 12:00 - 14:00, Online-Webinar
Introductory meeting: Monday April 19, 2021 at 12.00h.

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.

Diplomandenseminar

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS

Termine:

Zeit und Ort nach Vereinbarung.

Projektseminar: Current Topics in Growth, Development and Sustainability

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS, Nachhaltigkeit, Please register in FlexNow as well as in VC before the start of the summer term. Later the VC will be password-protected.

Termine:

Introductory meeting: Monday April 12, 12.00 st in zoom (Zoom data will be announced in the VC course). Further meetings will be announced in due time.

Inhalt:

Topic: The COVID-19 Crisis in the Developing World

The seminar will be based on the e-book:
Djankov, S. & U. Panizza (eds.), COVID-19 in Developing Economies. CEPR Press, VoxEU.org, 2020.

S: Angewandte Wirtschaftsforschung 4: Advanced Topics in Empirical Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Seminar, 2 SWS, Please register in FlexNow as well as in VC before the start of the summer term. Later the VC will be password-protected.

Termine:

Introductory meeting: Monday, April 12, 13.00 st in zoom (Zoom data will be announced in the VC course). Further meetings will be announced in due time.

Inhalt:

Topic: Structural Macroeconometric Modelling

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

V/S: Angewandte Wirtschaftsforschung 3: Financial Macroeconomics

Dozent/in:

Christian Proaño

Angaben:

Vorlesung, 2 SWS, Please register in FlexNow as well as in VC before the start of the summer term. Later the VC will be password-protected.

Termine:

Mi, 12:00 - 14:00, Online-Webinar
Introductory meeting: Wednesday April 21, 2021 at 12.00h.

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.