Programme

- Stylized Facts of the Business Cycle. Basic concepts and definitions

- Business cycle theories from Keynes to Monetarism

- Traditional keynesian stabilization policies and rule-based policies

- The Lucas' island model and the role of expectations

- The Real Business cycle theory and the money neutrality

- The New Keynesian approach: the demand side and the monetary policy

- Simulation of Dynamic Stochastic General Equilibrium (DSGE) models using Dynare for Matlab

Core Documentation

Enrico Marchetti “Teorie del ciclo economico. Il dibattito moderno su instabilità e equilibrio”, Esculapio, 2009.
Additional teaching material will be provided.

Type of delivery of the course

Lectures, problem sets and exercises

Type of evaluation

Mandatory written exam. It consists of open questions and exercises

Programme

- Stylized Facts of the Business Cycle. Basic concepts and definitions

- Business cycle theories from Keynes to Monetarism

- Traditional keynesian stabilization policies and rule-based policies

- The Lucas' island model and the role of expectations

- The Real Business cycle theory and the money neutrality

- The New Keynesian approach: the demand side and the monetary policy

- Simulation of Dynamic Stochastic General Equilibrium (DSGE) models using Dynare for Matlab

Core Documentation

Enrico Marchetti “Teorie del ciclo economico. Il dibattito moderno su instabilità e equilibrio”, Esculapio, 2009.
Additional teaching material will be provided.

Type of delivery of the course

Lectures, problem sets and exercises

Type of evaluation

Mandatory written exam. It consists of open questions and exercises

Programme

- Stylized Facts of the Business Cycle. Basic concepts and definitions

- Business cycle theories from Keynes to Monetarism

- Traditional keynesian stabilization policies and rule-based policies

- The Lucas' island model and the role of expectations

- The Real Business cycle theory and the money neutrality

- The New Keynesian approach: the demand side and the monetary policy

- Simulation of Dynamic Stochastic General Equilibrium (DSGE) models using Dynare for Matlab

Core Documentation

Enrico Marchetti “Teorie del ciclo economico. Il dibattito moderno su instabilità e equilibrio”, Esculapio, 2009.
Additional teaching material will be provided.

Type of delivery of the course

Lectures, problem sets and exercises

Type of evaluation

Mandatory written exam. It consists of open questions and exercises