Type of Credit: Required
Credit(s)
Number of Students
This course focuses on several macroeconomic issues of business cycles, inflation dynamics, and monetary policy at the graduate level.
能力項目說明
Students who finish the course should be able to use appropriate methods to analyze modern macroeconomic issues and their implications for financial markets.
| 教學週次Course Week | 彈性補充教學週次Flexible Supplemental Instruction Week | 彈性補充教學類別Flexible Supplemental Instruction Type |
|---|---|---|
Tentative schedule:
2/19: Businee cycle concepts and facts
2/26: RBC model
3/04: RBC model solution
3/11: RBC results and evaluations
3/18: Presentation: Lettau and Uhlig (2000)
3/25: Presentation: Ang, Piazzesi, and Wei (2006)
4/01: Practice: recession prediction
4/08: Midterm evaluation
4/15: Inflation dynamics
4/22: Presentation: Ang, Bekaert, and Wei (2007)
4/29: Presentation: Gürkaynak, Sack, and Wright (2010)
5/06: New Keynesian analysis for monetary policy
5/13: Presentation: Clarida, Gali, and Gertler (2000)
5/20: Holiday
5/27: Presentation: Kung (2015)
6/03: Final evaluation
6/10: Holiday
In-class performance and exercises: 40%
Exams and/or reports: 60%
Note:
1. No make-up exams will be given in any case.
2. All communications and conversations in this course MUST be in English.
Papers to be presented:
1. Lettau, Martin, and Harald Uhlig. 2000. Can habit formation be reconciled with business cycle facts? Review of Economic Dynamics 3: 79-99.
2. Ang, Andrew, Monika Piazzesi, and Min Wei. 2006. What does the yield curve tell us about GDP growth? Journal of econometrics 131: 359-403.
3. Ang, Andrew, Geert Bekaert, and Min Wei. 2007. Do macro variables, asset markets, or surveys forecast inflation better? Journal of monetary Economics 54(4): 1163-1212.
4. Gürkaynak, Refet S., Brian Sack, and Jonathan H. Wright. 2010. The TIPS yield curve and inflation compensation. American Economic Journal: Macroeconomics 2(1): 70-92.
5. Clarida, Richard, Jordi Gali, and Mark Gertler. 2000. Monetary policy rules and macroeconomic stability: evidence and some theory. Quarterly journal of economics 115(1): 147-180.
6. Kung, Howard. 2015. Macroeconomic linkages between monetary policy and the term structure of interest rates. Journal of Financial Economics 115(1): 42-57.
| 書名 Book Title | 作者 Author | 出版年 Publish Year | 出版者 Publisher | ISBN | 館藏來源* | 備註 Note |
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