Exercises in Advanced Macroeconomics
Fall 2014, Thursdays 8-10, CSS 1.1.18.
The exercises are an integral part of the course. You are supposed to try solving the problems before meeting in class. Instructor is Niklas Brønager. The collection of exercise problems is here. Link to lectures.
| Date | Topic | Solve | Comments | |
| before | after | |||
| 11/9 | Refresher on technology. Fiscal sustainability | I.5, II.1, and if time allows, I.1. | Errata | |
| 18/9 | Debt dynamics. Ricardian non-equivalence. | II.2, II.3, II.5, and if time allows, II.4. | Errata | |
| 25/9 | Overlapping generations in cont. time. | IV.2, IV.11, and IV.3. | ||
| 2/10 | Demography and the rate of return. Comparing Blanchard with Ramsey. | IV.4, IV.8, IV.7, and if time allows, IV.12. | Errata | |
| 9/10 | Effects of a positive technology shock. | V.2 and V.4. | Came to V.4 c). | |
| 16/10 | Autumn break | |||
| 23/10 | 8.15-10.00: workshop in class. |
Finish V.4. Work on midterm paper problem. Niklas is consultant. |
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| 30/10 | Applications of the q-theory of investment. | VI.1. | ||
| 6/11 | More applications of the q-theory of investment. The housing market. Expectations formation. | Solve VI.4, VII.7, and VII.1. | Errata. | |
| 13/11 | The housing sector and speculative bubbles. | Solve VII. 4 and VII.5. | ||
| 20/11 | Money in classical vs. Keynesian thinking. IS-LM dynamics with forward-looking expectations. | Solve VIII.3, IX.10 and, if time allows, VII.2. | Came to c) in IX.10. VII.2 postponed. | |
| 27/11 | IS-LM dynamics with forward-looking expectations. | Finish IX.10. Solve IX.4. If time allows, solve VII.2. | Came to IX.4f). | |
| 4/12 | The debate about expansionary fiscal policy. The banking sector in a macro perspective. | Finish IX.4. Solve X.1 and X.2. | Came to X.2c). | |
| 11/12 | Small open economy. |
Finish X.2. Solve X.9. |
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| 18/12 | A. Business cycle theories. B. Could the ECB have done better since 2008? The FTT - what are the pros and cons? Questions raised by the students in Discussion Forum. |
Solve X.7. If time allows, VII.2. Form an opinion about the issues mentioned at point B. See Niklas's responses in the Discussion Forum in Absalon. |
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