Macroeconomic Dynamics

Macrodynamics I: Real Business Cycle Models

The main goal of this course is to study the foundations of the theory of the Real Business Cycles (RBC) as extensions. The main extensions are: the indivisible labor supply, the role of money and the cost of adjusting capital, among others

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Macrodynamics II: Neokeynesian Models

In this course we study the foundations of the New Keynesian Economy (NEK) models. In particular, I review the role of monetary policy, price rigidity and optimal monetary policy in a closed and open economy. I use Dynare in order to simulate the behavior of macroeconomic variables in the face of various shocks or disturbances (productivity, money, among others).

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