Quantitative Macro

Quantitative Macroeconomics with Heterogeneity - Syllabus

• Introduction

• Household Heterogeneity

  • Motivation
  • Bewley-Huggett-Aiyagari-Imrohoroglu Model
  • Aiyagari: Computational Details
    [Notebook and Code for the solution using EGM (in Julia)]
    [Notebook and Code for the solution using EGM (in Python / Jupyter Notebook)]
    [Notebook and Code for the solution using VFI (in Julia)]
  • Life Cycle Economies
  • Transition Dynamics and Agg. Uncertainty
    [Transition Dynamics and IRF Simulation using Boppart-Krussell-Mitman (in Julia)]
    [Krusell-Smith using Sequence-Space Jacobian (in Python)]
  • HANK: Monetary Policy (KMV, 2018)
  • HANK: Fiscal Policy (ARS, 2018)

• Firm Heterogeneity

  • Motivation
  • Hopenhayn Model
    [Notebook and Code (in Julia)]
    [Notebook and Code (in Python / Jupyter Notebook)]
  • Hopenhayn-Rogerson
    [Notebook and Code (in Julia)]
    [Notebook and Code (in Python / Jupyter Notebook)]
  • Misallocation
  • Financial Frictions
  • Firms and Business Cycles

• Calibration and the Use of Data in Macro

Problem Sets

• Problem Set 0 [Lucas (1978) Span-of-Control Model] [Value Function Iteration]
• Problem Set 1
• Problem Set 2