Password: UMNmacro2020
Recitation Notes
Recitation 1Â (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