Password: UMNmacro2020

Recitation Notes

• Recitation 1  (Mar 24th): Asset Pricing and Equity Premium Puzzle; Recursive Competitive Equilibrium

• Recitation 2 (Mar 31st): Lucas Cost of Business Cycles; Recursive Pareto Problem

• Recitation 3 (Apr 7th): Value Function Properties and Existence of Maximal Resource Level (Incomplete Markets)

• Recitation 4 (Apr 17th): Ricardian Equivalence in Aiyagari's model; Aiyagari and changes in the wage.

• Recitation 5 (Apr 21st): Two-sided Lack of Commitment

• Recitation 6 (Apr 28th): Lack of Commitment, Bulow and Rogoff, Default and Growth