# 2014-2015

### Syllabus

### Slides

- Lecture 1 : Optimal Control (updated 29/02/3014), complements
- Lecture 2 : Balance Growth Paths
- Lecture 3: The Ramsey Growth Model (updated 29/02/3014)
- Lecture 4: The Dixit-Stiglitz preference structure (updated 29/02/3014)
- Lecture 5: Sustained Growth
- Lecture 6: R&D based models of endogenous growth
- Lecture 7: Asset values (updated 14/10/2014) (updated again 22/10/2014)
- Lecture 8: The Mortensen-Pissarides matching model
- Lecture 9: The Hosios efficiency condition
- Lecture 10: Competitive search equilibrium
- Lecture 11: Solving Dynamic Rational Expectations Models
- Lecture 12: Business Cycle Facts
- Lecture 13: Real Business Cycle Models
- Lecture 14: Monetary Business Cycles

### Problem sets

- Problem set 1
- Problem set 2
- Problem set 3
- Problem set 4 (complement on the speed of convergence)
- Problem set 5
- Problem set 5.5 (on rational expectations)
- Problem set 6, matlab files for HP filter and BP filter (right-click and save)
- Problem set 7

### Exam

- Rules: a copy of the 2014-2015 course slides and
*any**hand-written document*are allowed for the exam. No other typed document than the slides are allowed (no problem sets solutions, no textbooks, etc) - Session 1 exam, solution

# 2013-2014

#### I taught the first semester of the M2 macro course at TSE

### Syllabus

### Slides

- Lecture 1 : Optimal Control
- Lecture 2 : Balance Growth Paths
- Lecture 3: The Ramsey Growth Model + some extra slides
- Lecture 4: The Dixit-Stiglitz preference structure
- Lecture 5: Sustained Growth
- Lecture 6: R&D based models of endogenous growth
- Lecture 7: Computing the speed of convergence
- Lecture 8: Empirical studies of convergence
- Lecture 9: Asset values
- Lecture 10: The Mortensen-Pissarides matching model
- Lecture 11: The Hosios efficiency condition
- Lecture 12: Competitive search equilibrium
- Lecture 13: Solving Dynamic Rational Expectations Models
- Lecture 14: Business Cycle Facts
- Lecture 15: Real Business Cycle Models

### Problem sets

- Problem set 1
- Problem set 2
- Problem set 3
- Problem set 4
- Problem set 5 + supplementary problem
- Problem set 6, matlab files for HP filter and BP filter (right-click and save)
- Problem set 7

### Exam

- Rules: a copy of the 2013-2014 course slides and
*any**hand-written document*are allowed for the exam. No other typed document than the slides are allowed (no problem sets solutions, no textbooks, etc) - Session 1 exam, solution

# 2012-2013

#### I taught the first semester of the M2 macro course at TSE

# Syllabus

### Slides

- Lecture 1 : Optimal Control
- Lecture 2 : Balance Growth Paths (updated 24/09/2012)
- Lecture 3: The Ramsey Growth Model (updated 7/10/2012)
- Lecture 4: The Dixit-Stiglitz preference structure (updated 7/10/2012) (updated 4/12/2012)
- Lecture 5: Sustained Growth (updated 7/10/2012)
- Lecture 6: R&D based models of endogenous growth (updated 29/11/2012)
- Lecture 7: Computing the speed of convergence (updated 14/12/2012)
- Lecture 8: Empirical studies of convergence
- Lecture 8.5: Asset values (updated 13/11/2012)
- Lecture 9: The Mortensen-Pissarides matching model (updated 18/11/2012)
- Lecture 10: The Hosios efficiency condition (updated 18/11/2012)
- Lecture 11: Competitive search equilibrium (updated 29/11/2012)
- Lecture 12: Solving Dynamic Rational Expectations Models (updated 25/11/2012)
- Lecture 13: Business Cycle Facts (updated 02/12/2012)
- Lecture 14: Real Business Cycle Models (updated 14/12/2012)

### Problem sets

- Problem set 1
- Problem set 2
- Problem set 3 (solution)
- Problem set 4 (solution from Loïc Batté)
- Problem set 5 (solution from Gilles Saint Paul)
- Problem set 6 (solution)
- Problem set 7, matlab files for HP filter and BP filter (right-click and save) (solution)
- Problem set 8 (partial solution, updated 16/12/2012)

### Exam

# 2011-2012

#### I taught 1/3 of the annual M2–Macro sequence, with Gilles Saint-Paul and Christian Hellwig

#### Lecture 1 : Business Cycles Facts

- Slides
- References and readings
- Cochrane lecture notes on Time Series
- Granger-1966 paper on economic series spectrum
- Baxter-King-1995 and Christiano-Fitzgerald-2001 on Band Pass filters
- Canova-1995 and Burnside-1995 on detrending
- Uhlig-Ravn-1997 on HP filter

#### Lecture 2 : Real Business Cycles Models

- Slides
- References and readings on idivisibilities:

#### Lecture 3 : Asset Pricing in General Equilibrium

- Slides
- References and readings
- Mehra-Prescott (1985)
- Jermann (1998)

#### Lecture 4 : Inequalities and Empirical Models of Idiosyncratic Risk

- Slides
- References and readings
- Heathcote, Perri and Violante (2010)
- Mace (1991)
- Cochrane (1991)

#### Lecture 5 : Monetary Business Cycles

#### Homeworks

- Homework 1 (Measuring Business Cycles) (matlab files needed: matlab_hpfilter.m, matlab_bpfilter.m)
- Solution to Homework 1
- Homework 2 (Business Cycles Models)
- Homework 3 (Asset Pricing and Risk Sharing)
- Homework 4 (Sticky Prices)

#### Exams

- 2011-2012 1st term exam (Macro 1) with solution for part III
- 2011-2012 2nd term exam (Macro 2), with solution for part II
- 2011-2012 retake of the 1st term exam (Macro 1) with solution for part II
- 2011-2012 retake of the 2nd term exam (Macro 2) with solution for part I