The overall objective of Politica economica c.a. is to provide an in depth understanding of modern macroeconomic theory with strong emphasis on Business cycle and Stabilization policies. The course focuses mainly on Dynamic General Equilibrium macroeconomic models, starting from real business cycle models into which New Keynesian macroeconomic features are introduced.
teacher profile teaching materials
- 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
Additional teaching material will be provided.
Fruizione: 21210232 Business Cycle Analysis & Policy in Scienze Economiche LM-56 GIULI FRANCESCO
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 exercisesType of evaluation
Mandatory written exam. It consists of open questions and exercises