Syllabus
Classes: Mo 6:30PM - 7:50PM, room 105
Seminars: Wed 12:30AM - 14:00PM, room 314
Teachers: Aleš Maršál, David Svačina
Office Hours:
Ales: after the Monday class
Exam: last seminar in December
Course Content
1. Introduction
1.1 Loglinearization: Katrin's lecture notes on log-linearization, Uhlig log-linearization
1.2 Introduction: slides,
1.3 Function Approximation: slides, approx.m, classpolinomials.m
1.4 Classical Monetary Model: slides, dynare code, hand solution code
2. Basic New Keynesian Model
(based on Gali Chapter 3&4)
2.1 Basic New Keynesian Model:
Gali book, slides, recap on Dixit Stiglitz, some more here
Problem set 3, drue 13.12.2015
it may be helpful to read lecture notes by Christiano (slide 33)
2.2 Closing the basic NK model
uniqueness of equilibrium, this is the .m file you should get familiar with, it calls:
a) basic NK model augmented by Y, M, N
b) looping over sigma
c) looping over sigma and Frish elasticity
d) alternative way how to search over the grid of param
2.3 Additional reading:
- really nice lecture notes by Iacovielo for a bit simple simpler model than we did
- Chapter by CTW
- more on perturbation again by Christiano
- if you are interested more in the numerical methods "behind the scene" read Fabrice Collard
- replication of several papers in dynare by J. Pfeifer
- more dynare code for example here
3. Extended New Keynesian Model
(based on Smets & Wouters (2007) and Brzoza-Brzezina et al. (2011))